Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 12-04-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | Saudi Electricity Company Sukuk Issuance | Industry: | Electricity |
| Description: |
Allen & Overy has advised Saudi Electricity Company (SEC), on the successful closure of its USD1.75 billion dual-series sukuk issue.
The transaction is SEC's first international sukuk issuance and the largest international debt capital markets issuance to date out of Saudi Arabia. The transaction was structured as a sukuk al-ijara, with the two series of trust certificates issued by Saudi Electricity Global SUKUK Company (a special purpose vehicle incorporated in the Cayman Islands and wholly-owned by SEC).
The Allen & Overy team was led by London-based partners Atif Hanif and Jamie Durham, and Riyadh-based partner, Zeyad Khoshaim.
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| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | Allen & Overy |
| Issuer Jurisdiction | Saudi Arabia | Listing Jurisdiction | United Kingdom |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk Ijara: |
Lawyer | Jamie Durham |
