IFLR1000

The Islamic Corporation for the Development of the Private Sector (ICD) Reg S sukuk programme

22/12/2015
Bond/note programme, Sukuk
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Completed

22/12/2015

Overview:

  • The Islamic Corporation for the Development of the Private Sector (ICD) has established a Reg S compliant sukuk (Islamic bond) issuance programme.
  • The notes will be issued on both the LSE and Nasdaq Dubai.
  • Hilal Services, a Cayman SPV will act as issuer.
  • HSBC acted as arranger.
  • CIMB Bank, Dubai Islamic Bank, First Gulf Bank, HSBC, NCB Capital, Maybank Investment Bank, Société Générale, National Bank of Abu Dhabi and Standard Chartered acted as dealers.

Sam Duke - Editor

Jurisdiction:

United Arab Emirates

Deal types:

Bond/note programme
Sukuk

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firms:
Dentons

Party: HSBC (Arranger, Dealer)

Party: CIMB Bank (Dealer)

Party: Dubai Islamic Bank (Dealer)

Party: First Gulf Bank (Dealer)

Party: NCB Capital (Dealer)

Party: Maybank Investment Bank (Dealer)

Party: Société Générale (Dealer)

Party: National Bank of Abu Dhabi (Dealer)

Party: Standard Chartered (Dealer)

Norton Rose Fulbright

Party: Islamic Corporation for the Development of the Private Sector (Issuer)

Walkers

Party: Islamic Corporation for the Development of the Private Sector (Issuer)

Lawyer: Daniel Wood

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