We are a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
With over sixty years of looking at the world through the same commercial lens as our clients means we deliver focused, clear, precise advice to get the deal done. Clients trust us to help them make good business decisions, create commercially sound products and strategies, resolve disputes and cement deals that are profitable.
From offices across geographies, we deliver business-critical advice and service in the same time zones as our clients, covering asset management, investment funds, corporate, M&A, dispute resolution, finance, insurance, fintech, private capital and trusts, regulatory and more
Ras Al Khaimah, the northernmost of the United Arab Emirates, acting through the Investment and Development Office of Ras Al Khaimah ("Ras Al Khaimah IDO")...
United Arab Emirates
Ras Al Khaimah, the northernmost of the United Arab Emirates,
acting through the Investment and Development Office of Ras Al
Khaimah ("Ras Al Khaimah IDO") has
closed a 10-year US$1 billion senior unsecured sukuk with a return
rate of 5.038%. The sukuk was issued under the existing issuance
programme by RAK Capital, a Cayman Islands incorporated company,
and listed on Nasdaq Dubai.
Citi and Emirates NBD Capital acted as Structuring Advisors,
while Abu Dhabi Commercial Bank, Citi, Emirates NBD Capital, First
Abu Dhabi Bank, Rakbank and Standard Chartered Bank acted as Joint
Global Coordinators.
The Walkers (Dubai) team, led by Ciaran Bohnacker (Partner) and
Szymon Durlo (Senior Associate) advised Ras Al Khaimah IDO and RAK
Capital on the Cayman Islands law aspects of the issuance.
Partner, Ciaran Bohnacker, remarked: "We are proud to
have played an important role in facilitating this sukuk issuance.
This transaction not only showcases our legal acumen but also our
dedication to supporting our clients in achieving their strategic
goals."
Walkers continues to provide ongoing support to Ras Al Khaimah
IDO and RAK Capital from a Cayman legal and fiduciary
perspective.
Contributor
We are a leading international law and professional services firm providing legal, corporate and fiduciary services to global corporations, financial institutions, capital market participants and investment fund managers. With a global presence spanning the Americas, Europe, the Middle East and Asia, we advise on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey.
With over sixty years of looking at the world through the same commercial lens as our clients means we deliver focused, clear, precise advice to get the deal done. Clients trust us to help them make good business decisions, create commercially sound products and strategies, resolve disputes and cement deals that are profitable.
From offices across geographies, we deliver business-critical advice and service in the same time zones as our clients, covering asset management, investment funds, corporate, M&A, dispute resolution, finance, insurance, fintech, private capital and trusts, regulatory and more
