Latham & Watkins Advises on US$825 Million Project Bond in the UAE

Latham & Watkins advised the Joint Lead Managers, BNP Paribas, Citibank, HSBC, Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered Bank, the Co-Manager, Mizuho Securities, and Bond Trustee, Citibank, on Ruwais Power Company’s issuance of US$825 million Senior Secured 6.0% Bonds due 2036. The issuance closed on 6 August 2013 and was very well-received by investors.

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Tags:  Latham & Watkins LLP | Dubai

Vinson & Elkins Advises on Ghubrah IWP in Oman

Vinson & Elkins advised the successful sponsor consortium partners Malakoff Corporation Berhad, Sumitomo Corporation, and Cadagua S.A. on the development and financing of the Ghubrah seawater desalination project (IWP) in Oman. The key financing documents were executed last week and financial close is expected imminently. The project is the second IWP in Oman and will supply water for daily use equivalent to the amount consumed by approximately 800,000 people.

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Tags:  Vinson & Elkins LLP | Dubai

Clifford Chance and Al-Jadaan & Partners Law Firm Advise on Saudi Binladin Group’s Financing for the King Abdulaziz International Airport

Clifford Chance and Al-Jadaan & Partners have advised BNP Paribas Investment Company KSA and GIB Capital LLC (GIB Capital) in their roles as joint lead managers and bookrunners on the issuance by SBG Sukuk Limited of its fourth short-term sukuk al-murabaha, guaranteed by Saudi Binladin Group Limited (SBG).  The financing is part of an approximately SAR12 billion financing of one of the phases of construction and development of the King Abdulaziz International Airport.

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Tags:  Clifford Chance LLP | Dubai