19.04.2013 - A&O and Latham lead on $2bln landmark Islamic bond
Allen & Overy (A&O) and Latham & Watkins have taken the lead roles on a landmark $2bn (1.3bn) Islamic bond for the Saudi Electricity Company. The deal, reportedly the Middle East's largest Rule 144A sukuk to date, comprises both a 10-year and 30-year maturity term the latter being the longest duration for any senior unsecured sukuk to date. A&O acted for the utilities company, a longstanding client of the firm, with a London-based team led by banking partner Atif Hanif and capital markets partners Sachin Dave and Jamie Durham. Partner Stephen Fiamma advised on US tax aspects, while capital markets partner Roger Wedderburn-Day handled disclosure matters...............................................Full Article: Source
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