Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 14-02-2016 | Practice Area: | Debt Capital Markets | ||||||||
| Deal Title: | Kuveyt Turk Subordinated Tier 2 Sukuk Certificates | Industry: | Banks | ||||||||
| Description: |
Clifford Chance advised the joint lead managers on Kuveyt Turk's USD350 million subordinated Tier 2 certificates issuance listed on the Irish Stock Exchange. Kuveyt Turk is a Turkish participation bank with a credit rating of BBB by Fitch and is majority owned by Kuwait Finance House, a Kuwaiti-based financial institution. The deal marked the first issuance by Kuveyt Turk of Basel III compliant Tier 2 sukuk.
The joint lead managers were Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, HSBC, KAMCO Investment Company, KFH Capital, Noor Bank and QInvest LLC.
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| Financial Center: | Dubai | Value: | 100.01-500.00 | ||||||||
| Advised Party: | Lead Manager,Managers:: | Law Firm | Clifford Chance | ||||||||
| Issuer Jurisdiction | Turkey | Listing Jurisdiction | Turkey | ||||||||
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk Wakala:Capital Securities Tier 2 |
Lawyer | Stuart Ure | ||||||||
| Further Information: |
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