Allen & Overy (A&O) and Latham & Watkins have taken the lead roles on a landmark $2bn (£1.3bn) Islamic bond for the Saudi Electricity Company. The deal, reportedly the Middle East's largest Rule 144A sukuk to date, comprises both a 10-year and 30-year maturity term – the latter being the longest duration for any senior unsecured sukuk to date. A&O acted for the utilities company, a longstanding client of the firm, with a London-based team led by banking partner Atif Hanif and capital markets partners Sachin Dave and Jamie Durham.
April 18, 2013 at 07:00 PM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) and Latham & Watkins have taken the lead roles on a landmark $2bn (£1.3bn) Islamic bond for the Saudi Electricity Company.
The deal, reportedly the Middle East’s largest Rule 144A sukuk to date, comprises both a 10-year and 30-year maturity term – the latter being the longest duration for any senior unsecured sukuk to date.
Presented by BigVoodoo
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
Associate attorney position at NJ Immigration Law firm: Leschak & Associates, LLC, based in Freehold, NJ, is looking for a full time ass...
Javerbaum Wurgaft, a large civil litigation firm with nine (9) offices, seeks: Plaintiff Personal Injury Attorney for Northern New Jersey of...
Exciting Career Opportunities at Nuzzo & Roberts! Nuzzo & Roberts, a leading mid-sized insurance defense firm based in Cheshire, CT...
