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Dentons advises The National Bank of Ras Al-Khaimah on its $1bn Guaranteed Medium Term Note Programme

June 29, 2014 10:47 am

Dentons has advised The National Bank of Ras Al-Khaimah on the establishment of its $1bn Guaranteed Medium Term Note Programme, completed on 12 June 2014. Dentons also advised the bank on the issue of $500m 3.25% Notes due in 2019 under the Programme, completed on 24 June 2014. The Programme was listed on the Irish Stock Exchange.

The EMTN Programme was arranged by the National Bank of Abu Dhabi and Standard Chartered Bank, who also acted as Joint Lead Managers in relation to the Note issue.

Dentons capital markets partner, Alex Roussos, commented: “We are delighted to have assisted RAKBANK in this very significant deal, the bank’s first foray into the capital markets since 2005. The successful pricing result is a real testament to the market’s confidence in RAKBANK’s unique business model.”

The Dentons team was led by Alex Roussos, with senior associate Beene Ndulo, lawyer Katie Phillips and trainee Sara Al Awadhi.