Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 08-02-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | Tamweel Sukuk Trust Certificates due 2017 | Industry: | Financial Services |
| Description: |
Clifford Chance has advised Citigroup Global Markets Limited, Dubai Islamic Bank P.J.S.C. and Standard Chartered Bank as Joint Lead Managers on Tamweel P.J.S.C.'s ("Tamweel") issuance of Irish Stock Exchange listed US$300 million trust certificates due 2017 (the "Tamweel Sukuk"), via Tamweel Funding III Ltd., under its US$1 billion Trust Certificate Issuance Programme. The Tamweel Sukuk comprise a hybrid Wakala and Mudaraba structure, confer on the holders the right to receive certain payments arising from certain Shari'a compliant assets of Tamweel and have the benefit of a guarantee given by Dubai Islamic Bank P.J.S.C. in respect of certain of Tamweel's obligations in respect of the Tamweel Sukuk.
The Clifford Chance team was led by Partner Debashis Dey with the support of Partner Qudeer Latif, Counsel Stuart Ure and Associates Beene Ndulo, Pavandeep Gill, Sandeep Puri and Elias Moubarak.
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| Financial Center: | Dubai | Value: | 500.01-1000.00 |
| Advised Party: | Lead Manager | Law Firm | Clifford Chance |
| Issuer Jurisdiction | UAE | Listing Jurisdiction | Ireland |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk Wakala: |
Lawyer | Debashis Dey |
