Dubai—Dentons' Banking and Finance team has advised on two award-winning deals in the Bonds, Loans & Sukuk Middle East Awards 2022, announced last night at the awards ceremony at the Madinat Jumeirah, Dubai. These awards recognise the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers. The two award-winning categories that Dentons has won accolades for include:

• Islamic Syndication Deal of the Year was awarded to a US$3 billion unsecured syndicated financing to The Arab Republic of Egypt acting through the Ministry of Finance. The financing is being made for the purpose of providing funding for the general budgetary requirements of the Government of Egypt and is by way of a split Islamic and conventional "Green Loan" structure. The team was led by partner Qasim Aslam (Dubai); and
• Global Sovereign, Supra & Agency Deal of the Year was awarded to IsDB’s US$2.5 billion sustainable Sukuk. Dentons advised IsDB, a multilateral development finance institution located in Jeddah, Saudi Arabia, on the issuance of US$2.5 billion trust certificates under its US$25 billion trust certificate issuance programme, which marks the IsDB's largest issuance to date. The proceeds will be used to finance green and social projects. The team was led by partner Alex Roussos (Dubai).

Commenting on the awards, Dubai-based partner Qasim Aslam said: "We are thrilled to have supported our clients on these key transactions in the bonds, loans and sukuk space, both of which support our clients and our practice's growing work in the ESG financing arena. Congratulations to everyone at Dentons who was involved in these matters!"

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