June 2009 Lovells acted as counsel to the lead managers, CALYON CALYON , Deutsche Bank Deutsche Bank and HSBC HSBC , on a US$750,000,000 sukuk for the Government of Bahrain, which will be listed on the London Stock Exchange.
The Lovells team was led by Lovells' Global Head of Islamic Finance, Rahail Ali, who was assisted by of counsel Imran Mufti, senior associate, Daniel Rankin, associates Roger Fankhauser and Sema Kandemir and trainee solicitor Mark Brighouse.
Speaking today Rahail Ali said:
"The sukuk market is very much in need of a sovereign sukuk issue such as this. The success of the sukuk will provide a boost for the stalled sukuk market."
The Lovells sukuk team has been at the forefront of cutting-edge developments in the sukuk arena, having previously advised on landmark sukuk including the first international musharaka, mudarabah, convertible and exchangeable sukuk offerings.
- Ends - About Lovells With over 3,300 people operating from 27 offices in Asia, Europe and the United States, Lovells is one of the world's leading international law firms. We advise many of the world's largest corporations, financial institutions and governmental organisations. We regularly act on complex, multi jurisdictional transactions as well as some of the most high profile commercial disputes. Lovells (the "firm") is an international legal practice comprising Lovells LLP and its affiliated businesses. Lovells LLP is a limited liability partnership registered in England and Wales with registered number OC323639. Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG.
The word "partner" is used to refer to a member of Lovells LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of its affiliated businesses who has equivalent standing. www.lovells.com
For further information please contact: Rahail Ali Joint Local Managing Partner Tel: +971 (0) 4 304 5519 Email: rahail.ali@lovells.com
Zishaan Mehra Business Development Adviser Tel: +971 (0) 4 304 5542 Email: zishaan.mehra@lovells.com
© Press Release 2009 omar 1.1:zy
