White & Case LLP has advised Investment Corporation of Dubai on the US$1 billion issuance of trust certificates by ICD Sukuk Company Limited under its US$2.5 billion trust certificate issuance programme.
The trust certificates, which were issued in a single tranche maturing in 2027, were offered pursuant to Regulation S and are listed on the Nasdaq Dubai and on the Irish Stock Exchange, and have a profit rate of five percent per annum.
Citigroup, Dubai Islamic Bank, Emirates NBD, HSBC, J.P. Morgan, National Bank of Abu Dhabi and Standard Chartered Bank acted as Joint Lead Managers on the offering of trust certificates.
The White & Case team in Dubai which advised on the transaction was led by partner Debashis Dey (Picture) with support from associates Xuan Jin, James Clarke, Sankalp Labroo and Adam Gao.
Law Firms: White & Case;
Clients: Investment Corporation of Dubai;