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White & Case Advises on National Central Cooling Company's Issuance of US$500 Million Notes

Global law firm White & Case LLP has advised HSBC Bank plc, J.P. Morgan Securities plc and Commercial Bank of Dubai P.S.C. as joint lead managers on the issuance by Tabreed group member National Central Cooling Company PJSC of US$500 million 2.500% Notes due 2027.

"In challenging market conditions the White & Case team has advised the managers on another issuance by Tabreed which achieved an excellent outcome for both the issuer and the managers," said White & Case partner Debashis Dey, who led the Firm's deal team. "It represents another successful cross-border transaction on behalf of a UAE issuer."

Tabreed is an international leading UAE-based district cooling developer which provides sustainable, energy-efficient, cost-effective and innovative cooling solutions to government, commercial, residential and private organizations.

The White & Case team that advised on the transaction was led by partner Debashis Dey (Dubai & London), with support from counsel Xuan Jin (Dubai) and associates Michael Byrd (London) and Ghislaino Kamdo (Dubai). 

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