Dentons has advised Kuwait International Bank on the deal.
Kuwait International Bank (KIB) completed its issuance of US$300 million Tier 2 trust certificates, and the establishment of KIB’s sukuk programme.
The KIB issuance is the first-ever Tier 2 sukuk publically issued to international investors out of Kuwait.
Citi and Standard Chartered Bank acted as joint global co-ordinators on the transaction. The joint lead managers were Boubyan Bank, Citi, Emirates NBD Capital, First Abu Dhabi Bank, The Islamic Corporation for the Development of the Private Sector, Kamco Invest, KFH Capital and Standard Chartered Bank.
Kuwait International Bank (KIB) is an Islamic bank located in Kuwait City, founded in 1973. It offers various Islamic banking and finance services for individuals and corporate customers.
The Dentons team in Dubai was led by Debt Capital Markets partner Alex Roussos (Picture), with assistance from senior associate Joshua Pileggi, senior legal consultant Katie Phillips, associate Sana Siddiqui and legal assistant Maryam Abbas.
Law Firms: Dentons;
Clients: Kuwait International Bank;