Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 22-09-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | The Government of Sharjah Sukuk Trust Certificates due 2024 | Industry: | Public Sector |
| Description: |
Dentons advised the Government of Sharjah, acting through Sharjah Finance Department, on the issuance of USD750 million Trust Certificates due 2024 which completed on 17 September 2014. The Certificates were listed on the Irish Stock Exchange and on the Nasdaq Dubai and represented the Government's first ever Sukuk issuance.
HSBC Bank acted as Global Coordinator, and, together with Kuwait Finance House Investment Company, National Bank of Abu Dhabi, Sharjah Islamic Bank and Standard Chartered Bank, as Joint Bookrunner in relation to the issuance of the Certificates. Al Hilal Bank, Arab Banking Corporation and Dubai Islamic Bank acted as Co-Managers on the transaction.
The Dentons team was led by Alex Roussos and senior associate Beene Ndulo.
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| Financial Center: | Dubai | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | Dentons |
| Issuer Jurisdiction | UAE | Listing Jurisdiction | UAE |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk Murabaha: |
Lawyer | Alex Roussos |
