Meysan Partners latest’ deals

Meysan Partners advised on the Gulf Bank issuance of the KWD100,000,000 Tier 2 Capital Bonds which is the first for the bank since 2007. The issuance will enhance the bank’s capital base in line with Basel III guidelines.

Meysan Partners worked closely with the joint lead managers, Kuwait Financial Centre Company K.P.S.C and Kamco Investment Company K.S.C Public on the various streams of the transactions including the transaction documents and the management of the regulatory and other processes. Meysan Partners further represented Gulf Bank, before the Capital Markets Authority in Kuwait to secure the approvals on the issuance and the offering and marketing of the bonds in Kuwait.

The firm also advised on the Boubyan Bank international issuance of the USD250,000,000 Tier 1 Capital Sukuk which is the first Basel III compliant Sukuk issuance. The issuance will enhance the bank’s capital base in line with Basel III guidelines.

Meysan Partners worked closely with the joint lead managers, Standard Chartered Bank and HSBC and Boubyan Capital Investment Company on the structuring of the issuance, the transaction documents and the management of the regulatory processes. The firm further represented the obligor, Boubyan Bank, before the Capital Markets Authority in Kuwait to secure the approvals on the issuance and the onshore offering and marketing of the Sukuk in Kuwait.

Meysan Partners team was led by Abdul Aziz Al-Yaqout and Tarek Yehya for both the transactions.