Magic circle firm cashes in on £1.96bn bond issue, carried out under Islamic law
February 01, 2006 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) has tied up one of the largest-ever finance deals conducted under Islamic law with the magic circle heavyweight advising Dubai Ports Authority (DPA) on its £1.96bn convertible bond issue.
Under the terms of the two-year bond, if an IPO is successfully completed within the two-year window, the investors will see a return in cash while the rest is delivered in shares.
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