The Asset Triple A Awards
The Asset Triple A
Islamic Finance Awards 2016
Best Deals by Country
Asia
China
China
Country Garden Real Estate 115 million ringgit sukuk
Joint lead managers:
Bank of China (Malaysia), CIMB Investment Bank, HSBC
The first ever ringgit sukuk issued by a Chinese corporate-related entity and introduces the ringgit sukuk/bond market to Chinese issuers for diversification of funding sources
Hong Kong
Hong Kong
Government of Hong Kong Special Administrative Region US$1 billion wakala sukuk
Joint bookrunners and lead managers:
CIMB Investment Bank. HSBC, National Bank of Abu Dhabi, Standard Chartered
Shariah advisers:
CIMB Islamic Bank, HSBC Saudi Arabia, National Bank of Abu Dhabi, Standard Chartered
The first wakala sukuk issuance by a AAA-rated sovereign globally. Adopted an asset light structure designed to establish a benchmark for potential private sector issuers from the region to access the global sukuk market
Indonesia
Indonesia
Garuda Indonesia US$500 million wakala sukuk
Joint bookrunners and lead managers:
Al Hilal Bank, ANZ, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Gulf Bank, Maybank Investment Bank, National Bank of Abu Dhabi, Noor Bank, Sharjah Islamic Bank, Standard Chartered, Warba Bank
Joint Shariah advisers:
Dubai Islamic Bank, Maybank Islamic Bank, National Bank of Abu Dhabi, Standard Chartered
The first non-sovereign sukuk out of Indonesia and the first unrated US dollar sukuk from an Asia-Pacific issuer. It was also the first US dollar sukuk transaction from an Asia-Pacific airline and the first US dollar sukuk al-wakala from the Asia-Pacific corporate
Malaysia
Malaysia
Government of Malaysia US$1.5 billion 10-year and 30-year wakala and murabaha sukuk
Joint bookrunners:
CIMB Investment Bank, HSBC, Standard Chartered
Joint Shariah advisers:
CIMB Islamic Bank, HSBC, Standard Chartered
World's first sovereign sukuk to use services as the underlying assets and the 30-year tenor is the longest maturity for a sovereign sukuk to date
Pakistan
Pakistan
Islamic Republic of Pakistan US$100 million syndicated structured trade finance club facility
Joint mandated lead arrangers:
Noor Bank, Standard Chartered
Joint Shariah advisers:
Fatwa and Shariah supervisory board of Noor Bank, Standard Chartered
The first of its kind for the Pakistani government, where the facility has been secured through a cash flow-based structure
Pakistan
Pakistan
Highly commended
K-Electric 22 billion Pakistani rupee diminishing musharaka retail sukuk
Exclusive financial adviser:
Habib Bank
Joint mandated lead arrangers:
Habib Bank, Meezan Bank
Joint Shariah structuring advisers:
Habib Bank, Meezan Bank
The first of its kind sukuk innovatively structured on the basis of diminishing musharaka. Proceeds to refinance foreign currency debt to International Finance Corporation and Asian Development Bank, as well as to fund future investments
Turkey
Turkey
Albaraka Turk Katilim Bankasi AS US$250 million Basel III-compliant tier 2 wakala and murabaha sukuk
Global coordinator:
Standard Chartered
Joint bookrunners and lead managers:
Barwa Bank, Dubai Islamic Bank, Emirates NBD Capital, Nomura, Noor Bank, QInvest, Standard Chartered
Joint Shariah advisers:
Albaraka Turk Katilim Bankasi AS, Bait Al Mashura (on behalf of Barwa Bank), Dubai Islamic Bank, Noor Bank, QInvest, Standard Chartered
The first Basel III-compliant tier 2 sukuk offering from Turkey and the first Islamic tier 2 capital offering from Turkey in 2015
Middle East
Oman
Oman
Sultanate of Oman OMR250 million unsecured fixed rate al-ijara sukuk
Joint lead managers:
Bank Muscat, including its Shariah compliant window Meethaq, Standard Chartered
Issuer manager:
Bank Muscat Investment banking
Shariah advisers:
Bank Muscat acting through its Shariah compliant window Meethaq, Standard Chartered
Inaugural sukuk issuance by Sultanate of Oman and was upsized from the initial target of OMR200 million
Qatar
Qatar
Qatar Islamic Bank US$750 million wakala and mudaraba sukuk
Joint bookrunners:
Barwa Bank, Citigroup, HSBC, Noor Bank, QInvest, Standard Chartered
The first international debt capital markets issuance by a Qatari entity in more than 15 months and the first financial institution sukuk from Qatar since November 2012
Saudi Arabia
Saudi Arabia
National Shipping Company of Saudi Arabia Saudi riyal 3.9 billion senior unsecured sukuk
Lead coordinator:
HSBC Saudi Arabia
Joint bookrunners and lead managers:
HSBC Saudi Arabia, J.P. Morgan Saudi Arabia, Samba Capital and Investment Management Company
The transaction marked the inaugural debt capital markets issuance by National Shipping Company and the first and only debt offering that was publicly-listed and traded on the Saudi Arabia Exchange in 2015
United Arab Emirates
United Arab Emirates
Majid Al Futtaim Holding US$500 million wakala sukuk
Joint lead managers:
Abu Dhabi Islamic Bank, Dubai Islamic Bank, HSBC, National Bank of Abu Dhabi, Standard Chartered
Shariah advisers:
Abu Dhabi Islamic Bank, Dubai Islamic Bank and Dar Al Shariah, HSBC Saudi Arabia, Standard Chartered
The first corporate sukuk bullet issuance from United Arab Emirates since the fourth quarter of 2014 and the first real estate public transaction since November 2014
United Arab Emirates
United Arab Emirates
Highly commended
Noor Bank US$500 million sukuk
Global coordinator:
Standard Chartered
Joint programme arrangers:
Citi, Noor Bank, Standard Chartered
Joint lead managers:
Al Hilal Bank, Barwa Bank, Citi, Dubai Islamic Bank, Emirates NBD Capital, QInvest, Noor Bank, Sharjah Islamic Bank, Standard Chartered
The inaugural foray by Noor Bank in the international debt capital markets and the first sukuk by a Dubai FIG issuer since July 2012. It achieved the lowest yield ever by a UAE-based bank on a senior unsecured US dollar-denominated sukuk offering
The Asset Triple A Islamic Finance Awards 2016 luncheon will be held on May 24 2016 at the Shangri-La, Kuala Lumpur, Malaysia.
For booking, please contact events@theasset.com