Ghislaino is an associate in the Capital Markets practice based in the UAE. His capital markets experience includes advising public and private issuers and investment banks on a broad range of capital markets transactions including equity offerings (IPOs and secondary offerings) and debt offerings (conventional, Islamic and ) green (and sustainable) finance.
Ghislaino has additional expertise in advising corporate trustees, security agents and facility agents in connection with a wide range of capital markets and debt finance transactions.
Ghislaino joined the Capital Market group in August 2020 having trained at White & Case, and having spent six months on secondment in the Firm's Capital Markets team in the Dubai office.
Representative transactions include advising:
Representation of Citibank in their capacities as Facility Agent, Security Agent and Account Bank in relation to USD 72 million debt funding for the 35 MW Menengai geothermal project in Nakuru county, Kenya.
Representation of Citibank in their capacities as Intercreditor Agent, Account Bank and Security Trustee in relation to the development and financing of the 450MW gas fired Temane power project in Mozambique. This was the Africa Power Deal of the Year 2021, PFI Awards; African Power Deal of the Year 2021, IJ Global Awards.
Representation of Wilmington Trust as Facility Agent and Security Agent in connection to the restructuring and EUR 150 million increase of the senior tranche of the securitisation programme for Casavo, an online PropTech platform in the real estate instant buying market.
Representation of Deutsche Bank in their role as Facility Agent and Security Agent in the issuance/establishment of Private Notes, Super Senior Notes, and a Super Senior Revolving Credit Facility by Brunello Bidco S.p.A., and Brunello Midco 2 S.P.A., which involve the taking of Italian law governed security.
Representation of Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, on its AED 2.6 billion (US$724 million) IPO on the Dubai Financial Market.
Representation of Dubai Electricity and Water Authority PJSC (DEWA) on its AED 22.32 billion (US$6.1 billion) IPO on the Dubai Financial Market. This is the largest IPO in the United Arab Emirates, the largest company listed on the Dubai Financial Market, and the largest public listing in the Middle East and North Africa since 2019.
Representation of stc on a sell-down by the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, of a portion of PIF's shares in stc amounting to six percent of stc's share capital, through a fully marketed secondary offering, raising SAR 12 billion (approximately US$3.2 billion) for PIF.
Representation of Al Rajhi Capital Company, as Sole Lead Manager and Bookrunner, on the issuance of SAR 6.5 billion 3.5% fixed rate resettable Additional Tier 1 Capital Sukuk by Al Rajhi Banking and Investment Corporation. This was the largest issuance size by a financial institution in Saudi Arabia and the first of its kind in Al Rajhi Banking and Investment Corporation's history, opening the fixed income markets to the bank as well as being its first regulatory capital transaction.
Representation of Saudi Real Estate Refinance Company (SRC) on the establishment of its sophomore domestic SAR 20 billion Sukuk Issuance Programme with the benefit of a Saudi Sovereign Guarantee, and the issuance thereunder of SAR 10 billion of Government Guaranteed Sukuk across four Series.
Representation of Citigroup Global Markets Limited, HSBC Bank plc, Merrill Lynch International and Mizuho International plc as joint lead managers in connection with the issuance of US$500 million 3.250% Notes due 2025 by Hikma Finance USA LLC, a member of the global Hikma Pharmaceuticals group.
Representation of Investment Corporation of Dubai in connection with the US$1 billion issuance of trust certificates by ICD Sukuk Company Limited under its US$2.5 billion trust certificate issuance programme. The trust certificates, which were issued in a single tranche maturing in 2027, were offered pursuant to Regulation S and are listed on the Nasdaq Dubai and on the Irish Stock Exchange, and have a profit rate of five percent per annum.
Representation of the Republic of Indonesia (RoI) on the 2020 update of its Rule 144A/Reg S US$25 billion trust certificate issuance programme and the subsequent US$2.5 billion triple tranche sukuk offering under the program. The offering involved the issuance of a tranche of US$1 billion sukuk, a tranche of US$750 million sukuk and a tranche of US$750 million Green sukuk, the proceeds of which are to be exclusively used to finance and refinance Eligible Green Projects.