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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.
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.