09 June, 2015

Dentons advises Bank of Sharjah on debut US$500 million bond issuance

Dubai, 9 June 2015 - Dentons has advised the Bank of Sharjah on the issuance of US$500 million 3.374% Guaranteed Notes due 2020, which completed on 8 June 2015.The Notes were issued by BoS Funding Limited and were unconditionally and irrevocably guaranteed by Bank of Sharjah. The Notes were listed on the Irish Stock Exchange and represented the Bank of Sharjah's debut bond issuance.J.P. Morgan and

Dubai, 9 June 2015 - Dentons has advised the Bank of Sharjah on the issuance of US$500 million 3.374% Guaranteed Notes due 2020, which completed on 8 June 2015.

The Notes were issued by BoS Funding Limited and were unconditionally and irrevocably guaranteed by Bank of Sharjah. The Notes were listed on the Irish Stock Exchange and represented the Bank of Sharjah's debut bond issuance.

J.P. Morgan and National Bank of Abu Dhabi acted as Joint Coordinators, and together with Commerzbank, Emirates NBD Capital, and First Gulf Bank, as Joint Lead Managers and Joint Bookrunners in relation to the issuance of the Notes. Arab Banking Corporation and Union National Bank acted as Co-Lead Managers on the transaction.

Dentons Capital Markets Partner, Alex Roussos, commented, "We are delighted to have assisted the Bank in its first foray into the international capital markets. The success of this transaction is testament to the strong reputation UAE banks have been building with foreign investors over a number of years. The solid foundation on which that relationship has been built is a key reason behind the continuing demand for UAE, and wider GCC, bank paper."

The Dentons team was led by Roussos, Senior Associate Beene Ndulo and Associate Katie Phillips, all based in Dubai.

For further information, please contact:
Muireann Kelleher
Head of Business Development & Marketing - Middle East
+971 4 402 0870
muireann.kelleher@dentons.com

Judith Green
Director of PR & Communications - EMEA
London
+44 20 7246 7082
judith.green@dentons.com 

About Dentons
Dentons is a global firm driven to provide a competitive edge in an increasingly complex and interconnected marketplace. It was formed in March 2013 by the combination of international law firm Salans LLP, Canadian law firm Fraser Milner Casgrain LLP (FMC) and international law firm SNR Denton. Dentons is built on the solid foundations of these three highly valued law firms. Each built an outstanding reputation and valued clientele by responding to the local, regional and national needs of a broad spectrum of clients of all sizes - individuals; entrepreneurs; small businesses and start-ups; local, regional and national governments and government agencies; and mid-sized and larger private and public corporations, including international and global entities.

Dentons' clients now benefit from more than 2,500 lawyers and professionals in 79 locations in 52 countries across Africa, Asia Pacific, Canada, Central Asia, Europe the Middle East, Russia and the CIS, the UK and the US who are committed to challenge the status quo and offer creative, actionable business and legal solutions.

© Press Release 2015

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