UK Government’s £500 Million Sukuk Offering

Clifford Chance has advised the UK Government (HM Treasury and Debt Management Office) in relation to its second sukuk issuance.

The £500 million five-year sukuk issuance marks the UK Government’s second foray into the international Islamic finance market, having previously issued a £200 million sukuk in 2014. This is the largest GBP denominated sukuk issuance to date.

Clifford Chance’s team was led by Global head of Islamic Finance partner, Qudeer Latif (Picture). Qudeer was supported by a cross-office team comprising Chris Davies (Global Head of Tax, London), Franc Peña (Partner, London), Matt Taylor (Partner, London), Nina Buchan (Tax Director, London), Ahmed Choudhry (Counsel, Dubai), Mohsin Abbasi (Senior Associate, Dubai) and Alice Raine (Senior Associate, London). 

Involved fees earner: Mohsin Abbasi – Clifford Chance; Nina Buchan – Clifford Chance; Ahmed Choudhry – Clifford Chance; Chris Davies – Clifford Chance; Qudeer Latif – Clifford Chance; Franc Peña – Clifford Chance; Alice Raine – Clifford Chance; Matt Taylor – Clifford Chance;

Law Firms: Clifford Chance;

Clients: UK Government;

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