| International law firm Clifford Chance’s Dubai office recently advised on the issuance of new Islamic bonds, or sukuk, worth $5 billion. The transactions, which came out of the United Arab Emirates and Saudi Arabia in January, highlight a shift in recent months towards sukuk from conventional bonds.
Dubai-based Clifford Chance partner Debashis Dey led the team on Emirates Islamic Bank’s $1 billion trust certificate issuance programme. Associates Xuan Jin and Alekhya Prakash also worked on the deal...............................................Full Article: Source
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