Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 14-04-2016 | Practice Area: | Debt Capital Markets |
| Deal Title: | The Islamic Corporation for the Development of the Private Sector Sukuk Issuance | Industry: | Public Sector |
| Description: |
Norton Rose Fulbright advised The Islamic Corporation for the Development of the Private Sector in connection with its debut public issuance of USD300,000,000 trust certificates, which were admitted to trading on the London Stock Exchange and on Nasdaq Dubai.
While backed by the credit of ICD as obligor, the certificates were issued by Hilal Services Ltd, a Cayman Islands incorporated SPV. The certificates paid a profit rate of 2.468 per cent and would mature in 2021.
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| Financial Center: | Dubai | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Norton Rose Fulbright |
| Issuer Jurisdiction | UAE | Listing Jurisdiction | UAE |
| Classification: |
Islamic Finance Islamic Finance Bonds and SukukSovereign and Public Sector Bonds Development and Export Banks |
Lawyer | Gregory Man |
