International Trade

White & Case advises on issuance of US$1.5 billion Green Sukuk following simultaneous updates of DP World's US$10 billion Global Medium Term Note and US$5 billion Trust Certificate Issuance Programmes

Press Release
1 min read

Global law firm White & Case LLP has advised the arrangers and dealers on the update of DP World Limited's US$10 billion Global Medium Term Note Programme and US$5 billion Trust Certificate Issuance Programme, and the managers on a US$1.5 billion issuance of Green Sukuk by DP World Crescent Limited under its US$5 billion Trust Certificate Issuance Programme.

"DP World is an integral element of the UAE economy and a key regional company," said White & Case partner Debashis Dey, who led the Firm's deal team. "The issuance was well received and demonstrates the continued appetite for innovative and sustainable Sukuk in domestic, wider GCC and international markets."

Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Dubai Islamic Bank, Emirates NBD P.J.S.C., First Abu Dhabi Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc and Standard Chartered Bank acted as joint lead managers. Abu Dhabi Commercial Bank PJSC, Barclays Bank PLC, Mashreqbank psc (acting through its Islamic Banking Division), Scotiabank, Société Générale and The Saudi National Bank acted as co-managers.

The White & Case team that advised on the transaction was led by partner Debashis Dey (Dubai & London) and included associates Marcin Zawadzki, Eren Ayanlar and Amir Mehdizadeh Iranpour (all Dubai).

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