Global law firm White & Case LLP has advised a group of banks on the issuance of US$500 million Trust Certificates due 2025, with National Central Cooling Company PJSC (Tabreed) acting as the Seller and Service Agent.
Global law firm Norton Rose Fulbright has advised Tenaga Nasional Berhad (“TNB”), Malaysia’s largest electricity utility company, on a ten-year US$750 million sukuk issuance, which closed on November 1, 2018. The sukuk was issued via TNB’s wholly-owned Malaysian-incorporated special purpose company, TNB Global Ventures Capital Berhad.
Clifford Chance and its cooperation firm in Saudi Arabia Abuhimed Alsheikh Alhagbani Law Firm (AS&H) advised HSBC Saudi Arabia, The Saudi British Bank and Al Rajhi Bank on the SAR 1,200,000,000 Islamic financing to Saudi Airlines Cargo Company (SACC), which signed on 10 September 2018. The financing will be used to fund the expansion of SACC’s cargo facilities at King Abdul Aziz International Airport in Jeddah and King Khalid International Airport in Riyadh.
International law firm Ashurst is advising Renewi plc, the international waste-to-product company, on an amendment and extension to its main banking facility, converting it to a €550 million Green Loan. Renewi is one of the first FTSE250 companies to refinance its entire bank borrowings using green certification.
Dentons has acted as legal counsel to a syndicate of regional banks led by Mashreqbank on the Islamic financing of the proposed AED1 billion acquisition of Byrne Group, an equipment rental company servicing the construction, industrial, oil and gas and events industries in the GCC.
Global law firm Norton Rose Fulbright has advised Abu Dhabi Islamic Bank PJSC, Citigroup, CIMB, Dubai Islamic Bank PJSC and HSBC, acting as joint lead managers and joint bookrunners, in the world’s first sovereign green Sukuk issuance. The Sukuk was issued by the Republic of Indonesia.
Global law firm Norton Rose Fulbright has advised Al Rayan Bank Plc (Al Rayan) on a £250 million Shariah-compliant securitisation of home purchase plans (HPPs). The firm acted as structuring and documentation counsel.
The transaction, Tolkien Funding Sukuk No. 1 Plc (Tolkien), is the first Shariah-compliant public HPP backed securitisation in the UK. It is also the first public securitisation in the UK to be issued under the UK’s “alternative finance arrangements” regime designed to facilitate Shariah-compliant securitisations.
Norton Rose Fulbright has advised Al Rayan Bank Plc (Al Rayan) on a £250 million Shariah-compliant securitisation of home purchase plans (HPPs). The firm acted as structuring and documentation counsel.
The transaction, Tolkien Funding Sukuk No. 1 Plc (Tolkien), is the first Shariah-compliant public HPP backed securitisation in the UK. It is also the first public securitisation in the UK to be issued under the UK’s “alternative finance arrangements” regime designed to facilitate Shariah-compliant securitisations.
Trowers & Hamlins has advised Bank ABC, acting as coordinator, sole bookrunner, investment agent and documentation bank on behalf of the syndicate of financiers, in relation to a US$101m Shari'ah compliant financing transaction provided to Bahrain Islamic Bank B.S.C..