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USD500 MILLION BONDS ISSUANCE BY EXIM BANK PURSUANT TO ITS USD1.5 BILLION MULTICURRENCY MEDIUM TERM NOTE PROGRAMME
ZUL RAFIQUE & partners advised EXIM Bank in respect of a USD1.5 billion multicurrency medium term note programme to finance its general corporate purposes. A 5.5-year fixed rate notes of US$500 million was issued in June 2012 pursuant to the programme. Nomura international plc, BNP Paribas, Hong Kong Branch CIMB Bank (L) Limited and Maybank Investment Bank Berhad acted as the arrangers. This is an inaugural international bond offering by the bank which has been rated "A-" and "A3" by Fitch Ratings and Moody's Investors Service respectively.
Partner Loh Mei Mei led the transaction.
ABU DHABI NATIONAL ENERGY COMPANY PJSC (TAQA)'s RM3.5 BILLION COMMODITY MURABAHAH PROGRAMME
ZUL RAFIQUE & partners advised Standard Chartered Saadiq Berhad as the lead arranger in an establishment of a Sukuk programme by Abu Dhabi National Energy Company PJSC (TAQA), of up to RM3.5 billion based on the Shariah principle of Murabahah involving selected Shariah compliant commodities with a tenure of up to 20 years for its general corporate purposes.
Partner Loh Mei Mei led the transaction which was completed in March 2012.
ZUL RAFIQUE & partners advised UEM Land Holdings Berhad in its collaboration with Iskandar Investment Berhad in respect of a mixed development project in Medini, Nusajaya known as the Lifestyle Retail Mall and Residences @ Medini North.
Valued at RM665 million, the project is located at the heart of leisure and tourism of Iskandar Malaysia in the State of Johor, and will be directly connected to LEGOLAND Malaysia, the first LEGOLAND theme park in Asia which is scheduled to open in September 2012.
Partner Tang Ai Leen advised on the transaction.