WINNERS OF DEALS OF THE YEAR 2008

CATEGORY
DEAL
Deal of the Year
Projek Lintasan Shah Alam (PLSA)
(US$212 million)
Issuer
Projek Lintasan Shah Alam (PLSA)
Joint Lead Arranger
RHB Islamic Bank
Joint Lead Arranger
RHB Investment Bank
Legal Counsel
Azmi & Associates
lll
Most Innovative
WCT Engineering Sukuk Musharakah
(US$85 million with warrants)
Issuer
WCT Engineering
Lead Arranger
Aseambankers
Legal Counsel
Adnan, Sundra & Low
Trustee
Pacific Trustee Berhad
lll
Sukuk
Tamweel Sukuk
(US$300 million)
Issuer
Tamweel Sukuk Limited
Joint Lead Arrangers & Bookrunners
Badr Al Islami
Joint Lead Arrangers & Bookrunners
Dubai Islamic Bank
Joint Lead Arrangers & Bookrunners
Standard Chartered Bank
Joint Lead Arrangers
Emirates Islamic Bank
Joint Lead Arrangers
United Bank Limited
Legal Counsel for Arrangers
Lovells
Legal Counsel for Issuer
(Cayman Islands counsel)
Maples and Calder
Legal Counsel for Issuer
Allen & Overy
lll
Sovereign
Government of Pakistan Ijarah Sukuk Programme
(US$84 million)
Issuer
Pakistan Domestic Sukuk Company
Arrangers
Standard Chartered Bank (Pakistan)
Arrangers
Dubai Islamic Bank Pakistan
Legal Counsel for Arrangers
Cornelius, Lane & Mufti
lll
Syndicated
Sun Finance Limited Sorouh Securitization
(US$2 billion)
Issuer
Project Blue (Guernsey) Limited
Initial Mandated Lead Arranger
HSBC Amanah
Arrangers
Calyon
Arrangers
BNP Paribas
Arrangers
Qatar National Bank
Arrangers
Masraf Al Rayan
Legal Counsel for Issuer
Clifford Chance
Legal Counsel for Arrangers
Norton Rose
lll
Structured Finance
Sun Finance Limited Sorouh Securitization
(US$1.1 billion)
Issuer
Sun Finance Limited
Joint Bookrunners
Citigroup
Joint Bookrunners
Abu Dhabi Commercial Bank
Joint Bookrunners
First Gulf Bank
Joint Bookrunners
National Bank of Abu Dhabi
Joint Bookrunners
Noor Islamic Bank
Legal Counsel for Issuer
Clifford Chance
Legal Counsel for Issuer
Afridi & Angell
Legal Counsel for Issuer
Freshfields Bruckhaus Deringer LLP
Other Counsel
Bedell Cristin Jersey Partnership
lll
Cross Border & Ijarah
French optimised Ijarah lease for Air Asia
(US$336 million)
Issuer
AirAsia Berhad
Arranger
BNP Paribas
Arranger
Natixis Transport Finance
Arranger
RHB Islamic Bank
Mandated Lead Arranger
Helaba Landesbank Hessen-Thuringen
Mandated Lead Arranger of the Commodity Murabahah
Bank Kerjasama Rakyat
Legal Counsel for Issuer
Freshfields Bruckhaus Deringer
Legal Counsel for Arrangers (UK Law)
Norton Rose
Legal Counsel for Arrangers (Malaysian Law)
Wong & Partners
lll
Equity
Saudi Hollandi Tier II Mudarabah Sukuk
(US$207 million )
Issuer
Saudi Hollandi Bank
Lead Arranger
Saudi Hollandi Capital
Legal Counsel for Issuer
Mohammed A. Al-Sheikh Law Firm
Legal Counsel for Arranger
Mohammed A. Al-Sheikh Law Firm
slll
Trade Finance
Yildiz Sunta Structured Murabahah Financing Facility
(US$26 million)
Issuer
Yildiz Sunta MDF
Sole Bookrunner
Citigroup
Legal Counsel for Arranger
Lovells
lll
Real Estate
Al-'Aqar Capital Sukuk Ijarah Programme
(US$85 million)
Issuer
Al-’Aqar Capital
Lead Arranger & Principal Advisor
Kadir, Andri and Partners
slll
Corporate Finance
Al Jaber Group Ijarah Financing Facility
(US$400 million)
Issuer
Al Jaber Group
Initial Mandated Lead Arranger & Joint Bookrunner
Dubai Islamic Bank
Initial MLA & Underwriters
BNP Paribas
Initial MLA & Underwriters
First Gulf Bank
Initial MLA & Underwriters
National Bank of Abu Dhabi
Legal Counsel for Arranger
Lovells
lll
Musharakah
Villamar Sukuk Musharakah
(US$190 million)
Issuer
Villamar Sukuk Company Limited
Lead Manager
Al Rajhi Bank
Arranger
Merrill Lynch
Legal counsel for Issuer & Arranger
Herbert Smith
lll
Mudarabah
Purple Island Corporation Sukuk Mudarabah
(US$267 million)
Issuer
Purple Island Corporation
Lead Manager
HSBC Saudi Arabia
Legal Counsel to Issuer
Walkers
Legal Counsel to Arranger
Clifford Chance
Legal Counsel to Arranger
Al-Jadaan & Partners
Legal Counsel to Binladin Group
Baker & McKenzies
slll
Project Finance
Al Ma'aden Phosphate Islamic Facility
(US$2.76 billion)
Issuer
Al Ma’aden Phosphate Company
Initial Mandated Lead Arrangers
Al Rajhi Bank
Initial Mandated Lead Arrangers
Banque Saudi Fransi
Initial Mandated Lead Arrangers
Riyad Bank
Initial Mandated Lead Arrangers
Samba Bank
Initial Mandated Lead Arrangers
Calyon
Initial Mandated Lead Arrangers
Mizuho Bank
Initial Mandated Lead Arrangers
Standard Chartered Bank
Legal Council to Issuer
Baker & McKenzie
Legal Council to Arranger
Clifford Chance
lll
Tawarruq
Dubai Financial Group Syndicated Murabahah
 (US$1.5 billion)
Borrower
Dubai Financial Group LLC
Mandated Lead Arrangers
Abu Dhabi Islamic Bank
Mandated Lead Arrangers
Al Hilal Bank
Mandated Lead Arrangers
Al Khalij
Mandated Lead Arrangers
Commercial Bank of Dubai
Mandated Lead Arrangers
Commerzbank Aktiengesellschaft (Singapore Branch)
Mandated Lead Arrangers
First Gulf Bank
Mandated Lead Arrangers
Noor Islamic Bank
Mandated Lead Arrangers
Standard Finance (Isle of Man) Ltd
Mandated Lead Arrangers
The Commercial Bank of Qatar
Legal counsel for the Mandated Lead Arrangers
Clifford Chance
Legal counsel for the Borrower
Allen & Overy
lll
IPO
DP World IPO
(US$4.96 billion)
Issuer
DP World
Lead Arranger
Millennium Finance Corporation
Joint Lead Managers
Deutsche Bank
Joint Lead Managers
Merrill Lynch
Counsel for Lead Arranger
Herbert Smith
Counsel for Joint Lead Managers
Linklaters
Counsel for the Issuer
Cliford Chance
Counsel for the Issuer (UAE law)
Al Tamimi & Company
lll

 

BEST COUNTRY DEALS
CATEGORY
DEAL
Bahrain
CBB Sukuk Ijarah
(US$350 million)
Issuer
Central Bank of Bahrain
Bookrunner
Calyon
Arrangers
Abu Dhabi Commercial Bank
Arrangers
ABC Islamic Bank
Arrangers
National Bank of Bahrain
Arrangers
Emirates Bank
Arrangers
National Bank of Kuwait
Arrangers
National Bank of Bahrain and Kuwait
Arrangers
Al Baraka Banking Group
Arrangers
Kuwait International Bank
Counsel for Issuer
Norton Rose
Counsel for Arrangers
Lovells
lll
Brunei
Brunei Gas Carriers Islamic Ship Finance Facility
(US$505 million)
Issuer
Brunei Gas Carriers
Arrangers
Standard Chartered Bank
Arrangers
Brunei Investment and Commercial Bank
Arrangers
Fortis Bank
Arrangers
Société Générale
Counsel for Issuer
Watson Farley & Williams
Counsel for Arrangers
Norton Rose
lll
China & Hong Kong
Noble Resources Commodity Murabahah Facility
(US$80 million)
Issuer
Noble Resources Limited
Arrangers
HSBC Limited
Counsel for Issuer
Allen & Overy
Counsel for Arrangers
Clifford Chance
lll
France
RecovCo Affimet SAS
(US$4.1 million)
Issuer
RecovCo Affimet SAS
Arranger
Bank of London and The Middle East
Counsel for Issuer
Clifford Chance
Counsel for Arrangers
Mayer Brown
lll
German
CCH Europe Mudarabah Facility
(US$300 million)
Issuer
CCH Europe GmbH
Arranger
Kuwait Finance House
Counsel for Arrangers
Clifford Chance
lll
Indonesia
Indonesia Government Sukuk
(US$431 million)
Issuer
The Republic of Indonesia
Arrangers
Mandiri Sekuritas
Arrangers
Trimegah Sekuritas
Arrangers
Danareksa Sekuritas
Legal Counsel
Marsinih Martoatmodjo Iskandar Kusdihardjo Law Office
lll
Kuwait
The Investment Dar Company KSC
(US$300 million)
Issuer
The Investment Dar Company KSC
Joint Mandated Lead Arranger & Bookrunner
Standard Chartered
Joint Mandated Lead Arranger & Bookrunner
HSBC Amanah
Counsel for Issuer
Lovells
Counsel for Arrangers
Norton Rose
lll
Malaysia
Projek Lintasan Shah Alam (PLSA)
(US$212 million)
Issuer
Projek Lintasan Shah Alam
Joint Lead Arranger
RHB Islamic Bank
Joint Lead Arranger
RHB Investment Bank
Legal Council
Azmi & Associates
lll
Pakistan
Government of Pakistan Ijarah Sukuk Programme
(US$84 million)
Issuer
Pakistan Domestic Sukuk Company
Arrangers
Standard Chartered Bank (Pakistan) Limited
Arrangers
Dubai Islamic Bank (Pakistan) Limited
Legal Counsel for Arrangers
Cornelius, Lane & Mufti
lll
Qatar
Al Wa'ab City Istisna-Based Mezzanine Financing
(US$200 million)
Issuer
Al Wa’ab City WLL
Arrangers
Kaupthing Bank
Arrangers
Amwal
Arrangers
SHUAA Capital
Counsel for Issuer
Norton Rose
Counsel for Arrangers
King & Spalding
lll
Saudi Arabia
Purple Island Corp Sukuk Mudarabah
(US$267 million)
Issuer
Purple Island Corporation
Lead Manager
HSBC Saudi Arabia
Legal Counsel to Issuer
Walkers
Legal Counsel to Arrangers
Clifford Chance
Legal Counsel to Arrangers
Al-Jadaan & Partners
Legal Counsel to Binladin Group
Baker & McKenzie
lll
Tunisia
TIFERT Ijarah Financing
(US$535 million )
Issuer
Group Chimique Tunisien
Issuer
Compagine des Phosphates de Gafsa
Issuer
Coromandel Fertilizers Ltd
Issuer
Gujarat State Fertilizers and Chemicals Ltd
Investors
Islamic Development Bank
Investors
European Investment Bank
Legal Counsel for Arrangers
Herbert Smith
lll
Turkey
Yildiz Sunta Structured Murabahah Financing Facility
(US$26 million)
Issuer
Yildiz Sunta MDF
Sole Bookrunner
Citigroup
Legal Counsel for Arranger
Lovells
lll
United Arab Emirates
Sun Finance Limited Sorouh Securitization
(US$1.1 billion)
Issuer
Sun Finance Limited
Joint Bookrunners
Citigroup
Joint Bookrunners
Abu Dhabi Commercial Bank
Joint Bookrunners
First Gulf Bank
Joint Bookrunners
National Bank of Abu Dhabi
Joint Bookrunners
Noor Islamic Bank
Legal Counsel for Issuer
Clifford Chance
Legal Counsel for Issuer
Afridi & Angell
Legal Counsel for Issuer
Freshfields Bruckhaus Deringer LLP
Other Counsel
Bedell Cristin Jersey Partnership
lll
United Kingdom
Project Blue (Guernsey) Limited - Chelsea Barracks
(US$2 billion)
Issuer
Project Blue (Guernsey) Limited
Initial Mandated Lead Arranger
HSBC Amanah
Arrangers
Calyon
Arrangers
BNP Paribas
Arrangers
Qatar National Bank
Arrangers
Masraf Al Rayan
Legal Counsel for Issuer
Clifford Chance
Legal Counsel for Arrangers
Norton Rose
lll
USA
Greater San Diego of Muslim Community Center Synthetic Prepayment Rebate Ijarah
(US$2.5 million)
Issuer
Greater San Diego of Muslim Community Center
Arranger
Devon Bank
Legal Counsel for Issuer
Sonnenschein, Nath & Rosenthal
Legal Counsel for Issuer
Knight & Peddycord
Legal Counsel for Issuer
Reed Smith, Chicago
lll
Yemen
Mobile Telephony Sabafon Murabahah Financing
(US$20 million)
Issuer
Mobile Telephony Sabafon
Arranger
HSBC Bank
Legal Counsel for Issuer
Jamal Adimi Law Office
Legal Counsel for Arranger
Norton Rose
lll

 

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