Dentons with IsDB on issuance on $1.25 billion trust certificates
Dentons has advised the Islamic Development Bank (IsDB) on the issuance of US$1.25 billion trust certificates under its US$25 billion trust certificate issuance programme. The transaction was made through a special-purpose vehicle issuer incorporated in Luxembourg.
Dentons has regularly advised the institution on the issuance of debt securities in the international capital markets under its Sukuk programme.
The Sukuk programme
The Sukuk programme is an issuance of financial instruments that are Sharia-compliant.
Islamic Development Bank
A multilateral financial institution specialized in Islamic finance. It’s located in Jeddah, Saudi Arabia.
Dentons’ team
In Dubai, the team was led by Alex Roussos (on the left), partner, assisted by Brian O’Leary, senior associate, Ben Suthers, associate, and paralegal Naomi Scheyerle.
In Luxembourg, Denton’s team was led by Stéphane Hadet (on the right), partner, and Jean-Luc Fisch, partner, assisted by Olivier Lesage, counsel, and Arnida Alija, associate.
