Al Rayan Bank’s £250 million Shariah-compliant securitisation of home purchase plans

Norton Rose Fulbright has advised Al Rayan Bank Plc (Al Rayan) on a £250 million Shariah-compliant securitisation of home purchase plans (HPPs). The firm acted as structuring and documentation counsel. The transaction, Tolkien Funding Sukuk No. 1 Plc (Tolkien), is the first Shariah-compliant public HPP-backed securitisation in the UK. It is also the first public […]

SABIC’s acquisition of 24.99% interest in Clariant

Clifford Chance is advising SABIC, a world leader in chemicals, on its proposed acquisition of approximately 83 million shares in global chemicals company Clariant from 40 North and Corvex Management. The acquisition of this approximately 24.9% stake in Clariant AG will make SABIC the largest Clariant AG shareholder and represents another key milestone in SABIC’s […]

57 Whitehall Sarl’s appointment of Accor Hotels to an ultra-luxury five star hotel under the iconic “Raffles”

Norton Rose Fulbright has advised 57 Whitehall Sarl, the joint venture between Hinduja Group and Obrascon Huarte Lain Desarrollos (OHLD) on the appointment of Accor Hotels to an ultra-luxury five star hotel under the iconic “Raffles” brand at the iconic Old War Office development. The Norton Rose Fulbright team worked closely with in-house counsel for […]

Al Farwaniya Property Developments’s US$457 million financing for the construction and development of Reem Mall in Abu Dhabi

Clifford Chance advised Standard Chartered Bank (SCB) as part of a consortium of banks on a seven year senior credit dual Islamic and conventional facility to finance the construction and development of Reem Mall in Abu Dhabi. The consortium of regional and international banks, formed of SCB, Abu Dhabi Commercial Bank (ADCB), Gulf Bank Kuwait […]

Emirates REIT (CEIC) Limited’s US$400 million Sukuk offering

Clifford Chance has advised Emirates REIT (CEIC) Limited (Emirates REIT), the world’s largest, publically listed Shari’a-compliant real estate investment trust, on its inaugural US$400 million issuance of 5 year trust certificates. The trust certificates will pay a profit rate of 5.125% per annum and were admitted to trading on the Irish Stock Exchange on 12 […]

Landscape Acquisition Holdings Limited’s $500 Million Initial public offering

Global law firm Norton Rose Fulbright has advised Credit Suisse, Goldman Sachs and Morgan Stanley as joint global co-ordinators and joint bookrunners on the initial public offering of Landscape Acquisition Holdings Limited (Landscape), a special purpose acquisition company (of SPAC) that intends to focus on acquiring a business likely with a real estate component and […]

IFC-led consortium’s $653 million financing of 13 solar power projects in Egypt

Norton Rose Fulbright has advised a consortium of lenders, led by International Finance Corporation (IFC), on the US$ 653 million financing of 13 solar power projects in Egypt. The projects are being developed by six separate Sponsor groups as part of Round 2 of Egypt’s Feed-in-Tariff Financing programme and will form part of the Benban […]

Invenergy Issues $135 Million Investment-Grade Rated Project Bonds in US Private Placement Market for Campo Palomas Wind Farm in Uruguay

White & Case, Hughes & Hughes, Lustrous Law, Morris James, FERRERE, Clifford Chance, Mayer Brown and Guyer & Regules advised on the transaction Invenergy announced today that its 70-megawatt Campo Palomas wind project, located in the Salto Department of Uruguay, issued investment-grade rated project bonds (Baa3 / Moody’s) for approximately $135.8 million in the US […]

Bahrain Middle East Bank B.S.C.’s oluntary takeover bid by its largest current shareholder

Charles Russell Speechlys has advised Bahrain Middle East Bank B.S.C. (“BMB”), a wholesale bank listed on the Bahrain Bourse, in relation to the voluntary takeover bid by its largest current shareholder. The takeover of BMB is the first takeover involving a bank in the Kingdom of Bahrain since 2014. Charles Russell Speechlys advised BMB on […]

Noy Fund’s €30.34 Million Acquisition of Tahal Group’s stake in the pumped-storage hydroelectricity project in Kochav Hayarden

Gornitzky represents Noy Fund, an Israeli infrastructure and energy investment fund, in the acquisition of Tahal Group’s stake in the pumped-storage hydroelectricity project in Kochav Hayarden, for approximately NIS 120 million. The Noy Fund was established in May 2011 through the initiative of its anchor investors, Poalim Capital Markets (a member of the Poalim group) […]