Hogan Lovells Wins Four Islamic Finance Awards
11 January 2016
Dubai, 11 January 2016 - Hogan Lovells' Islamic finance team has started the year on a high note, being recognised in four 'deal of the year' categories by Islamic Finance News.
The team acted on two ground-breaking Islamic finance deals, which between them picked up four awards:
Sukuk of the year and Africa deal of the year – the first Sukuk for Côte d’Ivoire. Hogan Lovells advised the arrangers, Islamic Corporation for the Development of the Private Sector, on the inaugural CFA150 billion sukuk offering by the Government of Côte d’Ivoire.
Cross-border deal of the year and UAE deal of the year – the first UK export finance backed Sukuk issuance. Hogan Lovells advised the Export Credits Guarantee Department of the UK Government on a successful US$913 million Sukuk issuance for the acquisition of four Airbus A380-800 aircraft, to be leased to Emirates.
The deals were advised on by members of Hogan Lovells' Islamic finance team based in Dubai, London, Paris and Riyadh.
Rahail Ali, Global Head of Islamic Finance said:
"2015 was a stellar year for Hogan Lovells' Islamic finance team globally, with a plethora of landmark transactions that were both exciting and challenging to work on. The Islamic finance market is developing and spreading at a fast pace, and we're proud to be working on these pioneering deals that are leading the way."
Hogan Lovells has a first-rate reputation as a leader in Islamic finance, having advised on numerous first-of-their-kind transactions, such as the first major sukuk by an African sovereign, the first convertible sukuk, the first equity-linked sukuk, the first Sharia-compliant securitisation, the first international sukuk al-mudaraba and sukuk al-musharaka, the first sukuk buy-back, and the first Multilateral Investment Guarantee Agency (MIGA) guaranteed Islamic project financing.