Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 10-04-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | DAMAC Real Estate Development Reg S Sukuk Issuance | Industry: | Real Estate Investment & Services |
| Description: |
Dentons advised DAMAC Real Estate Development Limited, a leading developer of high-end and luxury residential property in the Middle East, on its debut debt issuance of a USD650,000,000 five year Regulation S senior unsecured Sukuk maturing in April 2019, issued at a profit rate of 4.97 per cent.
The Sukuk was issued via a Cayman Islands special purpose vehicle, Alpha Star Holding Limited. Barclays, Citi and Deutsche Bank acted as Joint Global Co-ordinators and Joint Lead Managers on the deal, joined by Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital and National Bank of Abu Dhabi as Joint Lead Managers.
The Dentons team was led by Alex Roussos with support from senior associate Beene Ndulo and lawyer Katie Phillips.
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| Financial Center: | Dubai | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | Dentons |
| Issuer Jurisdiction | UAE | Listing Jurisdiction | Cayman Islands |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk Wakala: |
Lawyer | Alex Roussos |
