Dubai: Dentons has advised The National Bank of Ras Al-Khaimah on the issuance of its US$500 million 4.125% Notes due 2024, completed on 9 April 2019. Dentons previously advised the bank on the recent update of its US$2 billion Guaranteed Medium Term Note Programme.
Arab Banking Corporation, Citigroup Global Markets, Emirates NBD, First Abu Dhabi Bank, ICBC and Standard Chartered Bank acted as Joint Lead Managers and book-runners on this issuance.
Dentons capital markets partner, Alex Roussos, commented: "We are delighted to have worked with RAKBANK on their return to the bond markets. The bank's ability to continue to tap international capital markets following its successful issuances in 2014 and 2015 is testament to the resilience and strong execution capability of UAE issuers at a time where legal and market developments are fast-paced and unpredictable"
The Dentons team was led by Alex Roussos, with assistance from senior associate Joshua Pileggi and trainee Niharika Khimji.
-Ends-
For further information, please contact:
Kerry Schultz
Business Development and Marketing Manager
D +971 4 402 0872
Kerry.Schultz@dentons.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
