Law firm SNR Denton’s Islamic Finance practice has been simultaneously advising on a number of Sukuk (Islamic bond) issuances from the Middle East region.
The deals include the $400 million Trust Certificates due 2016 issued by SIB Sukuk Company II Limited on behalf of Sharjah Islamic Bank (SNR Denton acted for HSBC, Standard Chartered and Liquidity House as Joint Lead Managers); the $750 million Trust Certificates due 2016 issued by IDB Trust Services Limited on behalf of Islamic Development Bank (SNR Denton acted for HSBC, Standard Chartered, Deutsche Bank and BNP Paribas as Joint Lead Managers);………………………………………Full Article: Source