Clifford Chance ’s Dubai Office has advised Emirates Islamic Bank PJSC and Emirates NBD PJSC on the issuance by EIB Sukuk Company Ltd. on 11 July 2012 of London Stock Exchange-listed U.S.$500 million 4.147 per cent. trust certificates due 2018 under its U.S.$1 billion Trust Certificate Issuance Programme.
The EIB Sukuk confer on the certificateholders the right to receive specific payments arising from certain shari’a-compliant assets of EIB and have the benefit of a guarantee provided by ENBD in respect of EIB ’s obligations under the EIB Sukuk. (Press Release)