Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 17-06-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | Najran Cement Company Debut Sukuk Issuance | Industry: | Construction & Materials |
| Description: |
Clifford Chance advised Najran Cement Company on its debut sukuk issuance. The sukuk was issued with a face value of SAR400 million, with a floating profit rate linked to SAIBOR and a maturity of five years. The sukuk issuance was offered on a private placement basis to sophisticated investors resident in the Kingdom of Saudi Arabia.
The Clifford Chance team was led by Stuart Ure.
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| Financial Center: | Dubai | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Saudi Arabia | Listing Jurisdiction | Saudi Arabia |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk |
Lawyer | Stuart Ure |
