Our Recent Deals

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We take pride in securing mandates from our diverse clientele to represent them in many noteworthy transactions at the domestic and international front.

MAXIS BROADBAND SDN BHD UNRATED ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO MYR10 BILLION
ZUL RAFIQUE & partners has advised Maxis Broadband Sdn Bhd on its Unrated Sukuk Murabahah Programme of MYR10.0 billion in nominal value in relation to a reorganisation exercise. The deal was closed in July 2016. 

Partners, Loh Mei Mei and Ashela Ramaya led the transaction.
 

WIDAD CAPITAL SDN BHD’S ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO MYR110 MILLION
ZUL RAFIQUE & partners has advised Affin Hwang Investment Bank Berhad as Principal Adviser and Lead Arranger in respect of Widad Capital Sdn Bhd's Islamic Medium Term Notes Programme under the Shariah principle of Murabahah via a Tawarruq arrangement of up to MYR110 million. This deal was closed in October 2016. 

Partner, Chan Kwan Hoe led the transaction.
 

APM AUTOMOTIVE HOLDINGS BERHAD’S MYR1.5 BILLION ISLAMIC COMMERCIAL PAPERS AND ISLAMIC MEDIUM TERM NOTES PROGRAMME OF UP TO MYR1.5 BILLION
ZUL RAFIQUE & partners has advised RHB Investment Bank Berhad as Principal Adviser and AmBank Investment Bank Berhad, CIMB Investment Bank Berhad, Maybank Investment Bank Berhad, OCBC Al-Amin Bank Berhad and RHB Investment Bank Berhad as Joint Lead Arrangers in respect of APM Automotive Holdings Berhad's inaugural Sukuk Murabahah Programmes of up to a combined aggregate limit of MYR1.5 billion comprising an Islamic Medium Term Notes Programme of MYR1.5 billion and an Islamic Commercial Papers Programme of up to MYR1.5 billion. APM Automotive Holdings Berhad is listed on the main board of Bursa Malaysia and this is the first time they have established a Sukuk programme. The transaction was lodged with the Securities Commission Malaysia in October 2016. 

Partner, Celine Rangithan led the transaction.
 

SAPURAKENCANA PETROLEUM BERHAD AND SAPURAKENCANA TMC SDN BHD’S REFINANCING TRANSACTION
ZUL RAFIQUE & partners has advised Maybank Investment Bank Berhad as coordinating bank in relation to a 7-year multi-currency facilities of approximately USD1.5 billion equivalent granted to SapuraKencana Petroleum Berhad's subsidiary, SapuraKencana TMC Sdn Bhd, by a consortium of Malaysian, regional and international banks, to refinance existing borrowings. The refinancing involves approximately USD658.0 million vide a new Conventional Term Loan Facility and issuance of approximately MYR3.6 billion Sukuk under the existing 30-year Multi-Currency Sukuk Programme of up to MYR7.0 billion. The transaction was closed in March 2017. 

Partners, Kung Suan Im and Celine Rangithan led the transaction.

GENTING BERHAD’S PRESTIGIOUS OFFSHORE BOND ISSUANCE OF USD1,000,000,000
ZUL RAFIQUE & partners has advised Genting Berhad as Malaysian counsel on the issuance of USD1,000,000,000, 4.25 per cent guaranteed notes by its indirect wholly-owned subsidiary, GOHL Capital Limited which is offered entirely offshore and outside the United States of America in reliance on Regulation S under the United States Securities Act of 1933. The notes are guaranteed by Genting Overseas Holdings Limited, a wholly-owned subsidiary of Genting Berhad and has the benefit of a keepwell deed entered into with Genting Berhad. The proceeds from the issue are expected to be used, for general corporate purposes of Genting Berhad and its consolidated entities, which may include investments for the development of the Resorts World Las Vegas project. Citigroup Global Markets Ltd, J.P. Morgan Securities plc, DBS Bank Ltd and SMBC Nikko Capital Markets Limited are the joint lead managers for the issue. 

Partner, Loh Mei Mei led the transaction.


UDA’s INAUGURAL SYNDICATED ISLAMIC FINANCING OF MYR500 MILLION FOR EIGHT PROJECTS
ZUL RAFIQUE & partners has advised the mandated lead arrangers and the financiers comprising Affin Islamic Bank Berhad, AmBank Islamic Berhad, RHB Islamic Bank Berhad, Bank Pembangunan Malaysia Berhad and Kuwait Finance House (M) Berhad in respect of the Syndicated Islamic Financing Facilities of up to MYR500.0 million granted to UDA Holdings Berhad to part finance the construction of eight of its projects in the central region as well as the northern and southern regions of Peninsular Malaysia to be developed by the subsidiaries of UDA Holdings Berhad. The Syndicated Islamic Financing Facilities are granted under the Shariah principle of Commodity Murabahah via a Tawarruq arrangement and is the first syndicated facilities secured by UDA Holdings Berhad in the market to finance its projects.

Partner, Ashela Ramaya led the transaction.

 

SYNDICATED ISLAMIC FACILITIES TO MSM FOR THE CONSTRUCTION OF THE LARGEST INTEGRATED SUGAR REFINERY IN MALAYSIA
ZUL RAFIQUE & partners has advised MSM Malaysia Holdings Berhad on its Syndicated Islamic Facilities granted by CIMB Islamic Bank Berhad and HSBC Amanah Malaysia Berhad to finance the construction of a sugar refinery in Tanjung Langsat, Johor (which is the largest integrated sugar refinery in Malaysia) undertaken by MSM Malaysia Holdings Berhad's subsidiary, MSM Sugar Refinery (Johor) Sdn. Bhd.

Partner, Celine Rangithan led the transaction.