Global legal practice Norton Rose Fulbright has advised the Islamic Development Bank (IsDB) on its record issuance of US$1 billion 1.535 per cent Trust Certificates due 2018 (the Certificates) under its US$6.5 billion Trust Certificate Issuance Programme (the Programme).

The Joint-Lead Managers were Barwa Bank P.Q.S.C, CIMB Bank (L) Limited, Crédit Agricole Corporate and Investment Bank, Natixis, National Bank of Abu Dhabi PJSC, NCB Capital Company, the Royal Bank of Scotland plc and Standard Chartered Bank with Bank of London and the Middle East Plc as Co-Lead Manager (the Managers).

The Norton Rose Fulbright Dubai team was led by partner Mohammed Paracha and capital markets of counsel Alex Roussos, assisted by associate Katie Phillips.

Dentons UKMEA LLP advised the Managers in respect of the Certificates and Ogier provided Jersey law advice and acted as corporate services provider to the special purpose vehicle established under the Programme.

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