Norton Rose Fulbright advises IDB

Following an earlier USD1.5 billion drawdown in March 2014, Norton Rose Fulbright has again advised Islamic Development Bank on its USD1.5 billion 2.111 per cent Trust Certificates due 2019 issued under its USD10 billion Trust Certificate Issuance Programme. Included under the Joint-Lead Managers are CIMB Bank (L) Limited, Deutsche Bank AG- London Branch, First Gulf Bank PJSC, GIB Capital L.L.C., HSBC Bank plc, Maybank Investment Bank Berhad, National Bank of Abu Dhabi P.J.S.C., Natixis, and Standard Chartered Bank. The co-lead managers were Bank of London and the Middle East PLC and NCB Capital Company.The legal team was led by Norton Rose Fulbright’s Dubai partners Gregory Man and Mohammed Paracha, and assisted by senior associate Jacqueline Heng (London) and trainee Jennifer Cutting (London). Dentons advised the managers about the Certificates and Ogier provided Jersey law advice.