Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 05-10-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | Sabana REIT Convertible Sukuk due 2017 | Industry: | Real Estate Investment Trusts |
| Description: |
Leading international law firm Clifford Chance has advised Morgan Stanley as sole lead manager and sole bookrunner on Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT)'s SGD80 million 4.5 per cent convertible sukuk due 2017.
This transaction represents a number of firsts, including being the first sukuk convertible into units in a real estate investment trust and the first convertible sukuk issuance in Singapore. The transaction was also the first convertible sukuk issuance globally since 2009.
The team was led by Hong Kong partner Matt Fairclough and senior associate Gregory Man. Support was also provided by Dubai partner and Global Head of Islamic Finance Qudeer Latif and by Singapore partner Raymond Tong. The team also included senior associate Sandeep Puri and associates Siu Fang Ng and Ying Chiang Chong.
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| Financial Center: | Hong Kong | Value: | 0.00-100.00 |
| Advised Party: | Lead Manager | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Singapore | Listing Jurisdiction | Hong Kong |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk |
Lawyer | Matthew Fairclough |
