The Asset Triple A
Islamic Finance Awards 2019
Best Deals by Country
Sarana Multi Infrastruktur 1.5 trillion rupiah sukuk and green bond
Lead underwriters: CGS-CIMB Sekuritas Indonesia, Danareksa Sekuritas, Indo Premier Sekuritas, Maybank Kim Eng
The first issuance of rupiah-denominated green bonds in Indonesia, creating a new benchmark in the local debt capital market and a new asset class for investors.
HSBC Amanah 500 million ringgit United Nations sustainable development goals sukuk
Sole SDG structuring adviser and lead arranger: HSBC Amanah
Lead managers: HSBC Amanah, Maybank Investment Bank, RHB Islamic Bank
World’s first sustainable development goals (SDG) sukuk with proceeds of this to be utilized to finance eligible businesses and projects in accordance with HSBC’s SDG Bond Framework.
Government of Pakistan US$700 million Islamic syndicated facility
Sole bookrunner, underwriter and mandated lead arranger: Standard Chartered
Largest syndicated foreign currency term finance facility raised for the Government of Pakistan and saw the first time there has been a World Bank guarantee for an Islamic facility.
Royal Group Singapore SGD300 million Islamic bilateral financing
Mandated lead arranger: RHB Bank Singapore
Royal Group’s first Islamic finance deal representing the largest Islamic bilateral hotel financing deal.
GFH Capital US$115 million Shariah-compliant acquisition financing of The Entertainer
Mandated lead arranger and bookrunner: Standard Chartered
The facility is structured as a commodity murabaha to ensure it meets GFH Capital’s requirements for a Shariah-compliant solution and represents the first-ever leveraged buyout of an app-based, asset-light, business in MENA.
Kuwait International Bank US$250 million syndicated commodity murabaha financing facility
Global coordinator: Standard Chartered
Mandated lead arrangers and bookrunners: Boubyan Bank, First Abu Dhabi Bank, Kuwait Finance House, National Bank of Kuwait, Standard Chartered
Facility was oversubscribed by 1.2x attracting commitments from several regional banks.
Kingdom of Morocco domestic sovereign sukuk 1 billion MAD
Bookrunners: Attijariwafa Bank, Banque Centrale Populaire, BMCE Bank of Africa, CDG Capital, Banque Marocaine pour le Commerce et l'Industrie, Crédit du Maroc, Media Finance
This is the first sukuk issuance made in Morocco further to the amendment of the securitization law in 2013, which paved the way to the development of the Islamic finance market locally.
The Sultanate of Oman US$1.5 billion sovereign sukuk
Lead managers: Gulf International Bank, HSBC, J.P. Morgan, KFH Capital, Standard Chartered
Arrangers: Citigroup, HSBC, J.P. Morgan, Standard Chartered
Dealers: Alizz Islamic Bank, Citigroup, Dubai Islamic Bank, Gulf International Bank, HSBC, J.P. Morgan, KFH Capital, Standard Chartered
Deal experienced strong investor reception with books covered in two hours with the price tightening by 20bps from initial price thoughts.
Ma'aden Phosphate Company 3.5 billion SAR sukuk issuance
Lead managers and bookrunners: BNP Paribas, HSBC, NCB Capital
This transaction represents the first sukuk issuance of the year in Saudi Arabia outside of government issuances.
Albaraka Turk Katilim Bankasi US$205 million perpetual AT1 sukuk
Sole global coordinator: Standard Chartered
Lead managers: Arab Banking Corporation, Emirates NBD Capital, Noor Bank, QInvest, Standard Chartered
The first ever listed Basel III compliant Turkish AT1 sukuk.
United Arab Emirates
NMC Healthcare US$400 million sukuk
Global coordinators: HSBC, Standard Chartered
Lead managers and bookrunners: Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Bank ABC, Barclays, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Noor Bank, Standard Chartered
NMC Healthcare’s debut sukuk issuance representing the first ever MENA healthcare sector benchmark debt capital markets issuance.
Al Rayan Bank GBP250 million residential mortgage-backed securities sukuk
Lead managers: Al Rayan Bank, Standard Chartered
Opens up a new funding avenue for Islamic banks using UK Islamic residential mortgage-backed securities.