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.

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. 


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.


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.