Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 19-05-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Majid Al Futtaim Holding Issuance Under GMTN Programme | Industry: | Real Estate Investment & Services |
| Description: |
Dentons advised Majid Al Futtaim Holding LLC on the update of its USD2,000,000,000 Global Medium Term Note Programme (the GMTN Programme) and USD1,000,000,000 Trust Certificate Issuance Programme, both completed on 29 April. Dentons also advised the company on the issue of USD500,000,000 4.750 per cent. Notes due 2024 under the GMTN Programme, completed 7 May 2014.
Both programmes as well as the Notes are listed on the Irish Stock Exchange and the NASDAQ Dubai.
The GMTN Programme was arranged by Barclays Bank, Emirates NBD and Standard Chartered Bank. The Sukuk Programme was arranged by Abu Dhabi Islamic Bank, Dubai Islamic Bank, HSBC Bank and Standard Chartered Bank.
Barclays Bank, Citigroup, Credit Agricole Corporate and Investment Bank, Emirates NBD, HSBC and Standard Chartered Bank acted as Joint Lead Managers in relation to the Note issuance with Abu Dhabi Commercial Bank, Banci IMI and Union National Bank as Co-Managers.
The Dentons team was led by Alex Roussos and included senior associate Beene Ndulo and lawyer Katie Phillips.
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| Financial Center: | Dubai | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | Dentons |
| Issuer Jurisdiction | UAE | Listing Jurisdiction | UAE |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Alex Roussos |
