Government Of The Maldives’ US$1 Billion Sukuk Programme And Debut Offer

Government Of The Maldives' US$1 Billion Sukuk Programme And Debut Offer

Clifford Chance has advised the Government of the Maldives. Linklaters also acted on the deal.

The Government of the Maldives established its Reg S/144a US$1 billion sukuk programme and debut issuance of US$200 million thereunder.

The sukuk is country’s first foray into the international Islamic Finance markets.

The Joint Lead Managers and Joint Bookrunners for the issuance were The Islamic Corporation for the Development of the Private Sector (ICD), Credit Suisse, Emirates NBD Capital and HSBC.

Global Head of Islamic Finance partner, Qudeer Latif (Picture), was supported by a cross-office team comprising Johannes Juette (Partner, Singapore), Sarah Cheng (Associate, Hong Kong) and Shahrukh Mian (Associate, Dubai). 

The transaction eas led by capital markets partners Amit Singh and Jonathan Horan based in the firm’s Singapore office and Jonathan Fried based in Dubai, as well as Phill Hall, counsel based in Singapore.

Involved fees earner: Sarah Cheng – Clifford Chance; Johannes Juette – Clifford Chance; Qudeer Latif – Clifford Chance; Shahrukh Mian – Clifford Chance; Jonathan Fried – Linklaters; Phill Hall – Linklaters; Jonathan Horan – Linklaters; Amit Singh – Linklaters;

Law Firms: Clifford Chance; Linklaters;

Clients: Government of the Maldives;

Author: Giulia Di Palma