Dentons advises banking syndicate on IsDB $1bn sukuk

Dentons has advised a syndicate of banks — comprising Bank of China, Bank of Montreal (London Branch), BNP Paribas, ICBC, J.P. Morgan, KIB Invest, Nomura, and Warba Bank — led by Standard Chartered Bank as joint lead managers, on the Islamic Development Bank’s (IsDB) issuance of US$1 billion 4.227% fixed rate trust certificates due 2031. The issuance was made under IsDB’s US$25 billion trust certificate issuance programme. The trust certificates were listed on Euronext Dublin and Nasdaq Dubai.

The Dentons team

The Dentons team was led by banking and finance partner Matthew Sapte (pictured left) and debt capital markets partner Victoria Wyer (pictured right), supported by associate Kellie Diggin and paralegal Naomi Scheyerle.