Dentons advised The Islamic Development Bank (the IsDB) on the update of the IsDB Trust Services Limited US$10 billion Trust Certificate Issuance Programme (the Programme) completed on 24 February 2015. Dentons also advised the IsDB on the issue of US$1 billion Trust Certificates due 2020 under the Programme, completed on 12 March 2015. The Programme was listed on the London Stock Exchange and NASDAQ Dubai.
The Programme was arranged by HSBC and CIMB, HSBC, National Bank of Abu Dhabi PJSC and Standard Chartered Bank acted as Dealers. CIMB, Dubai Islamic Bank, GIB Capital, HSBC, National Bank of Abu Dhabi PJSC, Natixis, NCB Capital, RHB Islamic Bank and Standard Chartered Bank acted as Joint Lead Managers with Bank of London and The Middle East plc as Co-Lead Manager in relation to the Trust Certificate issuance.
Alex Roussos, Capital Markets Partner, commented, “We are delighted to continue to advise the IsDB on a range of transactions which are crucial in supporting the very important work that the IsDB does across its member countries.”
The Dentons team was led by Alex Roussos and included senior associate Beene Ndulo and associate Katie Phillips.
Source: www.dentons.com
