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Best Corporate Finance Bank
Best Corporate Finance Bank
Best Corporate Finance Bank
Best Corporate Finance Bank
Best Corporate Finance Bank
Best Corporate Finance Bank
Best Corporate Finance Bank
Best Corporate Finance Bank
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Best Corporate Finance Bank

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  • 1. Best Corporate Finance Bank Islamic Business & Finance Awards 2009 Standard Chartered Bank (“SCB”) has continued to play a leading role in key Islamic markets, successfully executing a number of high profile transactions including several industry-firsts and benchmark setting deals amidst volatile market conditions. Leveraging its Islamic origination & structuring capabilities with its strong franchise in key Islamic markets & global distribution strength, SCB has positioned itself as the preferred partner for Islamic finance Highlights As an international bank leading the way in Asia, Africa and the Middle East, Standard Chartered has an established presence in almost 50 per cent of the Muslim world, which provides the Bank with the unique opportunity to understand, structure and deliver Islamic C orporate Finance solutions for its customers. The Bank has established itself as a leader in Islamic Finance built upon extensive experience and unparalleled capability in the structuring, underwriting and distribution of Islamic Finance transactions. Geographic footprint – Standard Chartered has a broad geographical reach ranging from the Middle East to the Far East with significant presence in key Islamic markets such as UAE, Pakistan and Malaysia. The Bank’s strong network allowed it to offer Islamic banking products and services in many of our markets. Structured finance and banking solutions have been offered to corporate and institutional customers in numerous countries including UAE, Saudi Arabia, Bahrain, Kuwait, Qatar, Oman, Jordan, Singapore, Indonesia, Malaysia, Brunei, Pakistan & Turkey. Market Leadership – SCB continues to be recognized as a leader in Islamic Finance bringing a number of industry-firsts to the market. Despite the ongoing credit crunch and disruption in capital markets, SCB has continued to execute landmark transactions demonstrating our exemplary structuring and distribution capabilities. Notable transactions include: • First successful syndicated financing transaction for a quasi-sovereign Dubai entity since the beginning of the prevailing credit crisis which represented Dubai Electricity & Water Authority’s return to the Capital Markets to refinance the USD 2.2 billion Syndicated Islamic Lease Finance Facility closed last year; the transaction attracted participation from a total of 18 international, regional and domestic banks. • SCB acted as the Joint Bookrunner and Joint Lead Manager for the inaugural and landmark USD 750 Million Trust Certificates Issuance by the Republic of Indonesia. • First Sukuk Programme to be established by the Monetary Authority of Singapore. SCB acted as the Joint Mandated Lead Arranger and Structuring Bank for the SGD 200 million Sukuk Programme. All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.
  • 2. Best Corporate Finance Bank Islamic Business & Finance Awards 2009 • In its various capacities including Financial Adviser, the Bank was involved in the largest mining project finance deal in the Middle East region for Ma’aden Phosphate Company; the facility was successfully closed despite deteriorating capital market conditions and amounted to total financing of USD2.76 billion. • First Sharia-compliant local currency offering by Government of Pakistan which will also be a reserve eligible security for both Islamic and conventional banks; also represents the largest Sukuk deal in the local market. Total Programme size of PKR35.54. • First US D Sukuk issued by a Sovereign under a Programme and first USD Sukuk issued by a UAE Emirate under the first Sukuk Programme to be established by a GCC Sovereign; Government of Ras Al Khaimah. Total programme size of USD2 billion with first issue and sec ond issue of AED1 billion and USD 400 million respectively. • First Malaysian Ringgit Sukuk issuance by Islamic Development Bank and the first Sukuk issuance by a multilateral development bank. Total Programme size of MYR1 billion with first issue of MYR300 million. Renowned Sharia Board - The Bank has an international Sharia board comprising three of the world's most renowned Sharia scholars - Dr Abdul Sattar Abu Ghuddah, Sheikh Nizam Yaquby and Dr. Mohammed Ali Elgari. In addition to the Sharia Board, the Bank has an in-house Sharia Department to facilitate and support our product development and origination teams. In-depth Market Knowledge - SCB has an established presence in almost 50 per cent of the Muslim world which provides the bank with the unique opportunity to understand structure and deliver Islamic Finance solutions for its customers. Cross-border expertise - SCB has been able to use its strong presence across local markets in Asia and the Middle East to enable issuers from the Middle East to tap the domestic markets in Asia. - SCB acted as the Joint lead Manager & Joint Bookrunner for the debut MYR denominated transaction in Malaysia for Islamic Development Bank, a multilateral institution headquartered in Saudi Arabia. Secondary market capabilities - In addition to our primary distribution capabilities, Standard Chartered has an established regional trading desk based in Dubai that provides liquidity in respective local currency and USD assets in the secondary trading market. All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.
  • 3. Best Corporate Finance Bank Islamic Business & Finance Awards 2009 Performance Year-to-date, Standard Chartered was rated: • One of the top bookrunners in Syndicated Islamic Finance, despite current market turmoil and the withdrawal of many investors from the market due to depleting liquidity Syndicated Loans - Islamic Loans Book Runner 01-01-2009 to date Rank Bookrunners Proceeds Amt USD Mkt Share No. of issues 1 Standard Chartered PLC 542.11 11.3% 2 Al Rajhi Banking & 2 Investment Corp 500.00 10.4% 1 2 Arab National Bank 500.00 10.4% 1 Source: Bloomberg All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.
  • 4. Best Corporate Finance Bank Islamic Business & Finance Awards 2009 Significant Deals Syndications Product Amount Our Role Date Multi-Currency Joint Mandated Syndicated USD 2.2 billion Lead Arranger & April 2009 Finance Joint Bookrunner Facility Transaction Highlights § Purpose of the facility was to refinance DEWA’s USD 2.2 bn, one-year, Syndicated Islamic Lease Finance Facility closed in April 2008, which represented DEWA’s debut visit to the Capital Markets Dubai § This is the first successful syndicated financing transaction for a Electricity & quasi-sovereign Dubai entity since the beginning of the Water prevailing credit crisis. Authority § The Facility benefits from an unconditional and irrevocable Payment Undertaking issued by Government of Dubai. § The facility comprises both an Islamic lease finance facility and a conventional loan facility, with the Islamic tranche accounting for 67% of the facility amount and the balance accounted for by the conventional tranche. § Multi Currency - Participating banks had the option of investing in either Dirhams, Dollars or Euros . § The Facility was tightly priced at a margin of 300 bps p.a. + Fees. § Despite the challenging market environment, the transaction attracted participation from a total of 18 international, regional and domestic banks . All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.
  • 5. deal awards Best Corporate Finance Bank Islamic Business & Finance Awards 2009 Sukuks Product Amount Our Role Date Joint Lead USD 400 Sukuk Al Ijara Manager & July 2009 million Bookrunner Transaction Highlights § This was the second issuance under the Government of Ras Al Khaimah’s USD 2 billion Trust Certificates Programme. The first issuance was an AED 1 billion Trust Certificates issue in May 2008, where SCB acted as Sole Arranger & Bookrunner. Government of Ras Al § This was a landmark transaction in many ways: Khaimah • 1st USD Sukuk issued by a Sovereign under a Programme; • 1st USD Sukuk issued by a UAE Emirate. § The order book was over 4 times oversubscribed, totaling approximately USD 1.65 billion. § This successful well-distributed issue will establish a liquid benchmark for the Government of Ras Al Khaimah in the USD markets. § The Sukuk continues to perform well in the secondary markets and has also led to improve trading activity in the RAKIA’12s, the only other USD issuance from the Emirate. Product Amount Our Role Date PKR35.54 Joint billion September Sukuk al Ijara Structuring (USD530 2008 Agent million) Transaction Highlights § Represents the largest Sukuk deal in the local market which will be offered in tranches through auctions conducted by the State Government of Pakistan Bank of Pakistan, in exactly the same manner as that of Treasury Bills and Pakistan Investment Bonds § To date, auctions totaling PKR 42.243 have already been concluded under the Programme. § 1st domestic Government of Pakistan (“GOP”) issue with a floating rate structure. § GOP’s first Sharia compliant local currency offering which will also be a reserve eligible security for both Islamic and conventional banks All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.
  • 6. Best Corporate Finance Bank Islamic Business & Finance Awards 2009 Product Amount Our Role Date Joint USD 750 Bookrunner & Sukuk Al Ijara April 2009 million Joint Lead Manager Transaction Highlights § SCB acted as the Joint Bookrunner and Joint Lead Manager for this inaugural and landmark USD Sukuk issuance by ROI. Republic of § This Sukuk Issue is in line with Indonesia’s strategy to incorporate Indonesia (“ROI”) Shariah compliant financing as an integral part of its public debt program. § The issuance created a benchmark that can be used to price future issuance by ROI and other Indonesian issuers of Sukuks. § Timing and pricing were highly successful, enabling Indonesia to take advantage of the recent improvement in market sentiment globally - and price the Sukuk at 8.80%. § The order book closed seven times oversubscribed at USD 4.6 billion, with participation from 230 investors. Product Amount Our Role Date MYR1 billion Joint Lead Trust MYR300 Manager & Certificate August 2008 million Joint Issuance Bookrunner Programme Transaction Highlights § 1st MYR Sukuk issuance by Islamic Development Bank (“IDB”) Islamic § The issue was marketed based on the excellent credit standing Development of IDB which s rated AAA by S&P, Moody’s and Fitch on the i Bank back of IDB’s strong capitalization and liquidity. § The issue was launched amidst weak market conditions stemming from inflationary fears and a rising interest rate environment. § In spite of market conditions, the issue was 1.53 times oversubscribed with orders exceeding RM450 million. § Distribution of the Sukuks was made to a diverse group of mainly domestic investors. All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.
  • 7. deal awards Best Corporate Finance Bank Islamic Business & Finance Awards 2009 Product Amount Our Role Date SGD Sukuk Joint Lead Al-Ijara Trust Arranger and SGD 200 Certificate Joint February 2009 million Issuance Structuring Programme Bank Transaction Highlights § The Programme is the first local currency Sovereign Sukuk Programme established by a non-Muslim majority country and the first Sukuk Programme by a AAA-rated nation (as of writing, the Republic of Singapore is rated AAA by all three international Issuer and Trustee: Rating Agencies) Singapore § Trust Certificates issued off the Programme is the Sharia- Sukuk Pte. compliant equivalent of Singapore Government Securities and is Ltd. of the highest credit standing Lessee and § The Shariah structure is based on the concept of Ijara (i.e. sale Obligor: and leaseback of real estate assets) and the Programme utilizes Monetary Authority of an innovative concept of Forward Lease used for the first time for Singapore a Sukuk issuance (MAS) § The Programme is been structured for flexibility to allow MAS to issue Sukuks from time to time on a reverse enquiry basis, based on the needs of the investors § The overall structure and documentation for the Sukuk Programme and the list of underlying assets have been vetted and approved by the Shariah Supervisory Committees of the Joint Structuring Banks, which consists of internationally renowned scholars § The landmark Sukuk Programme is a key step towards the fulfillment of the Republic’s intention to develop Singapore as a leading Islamic financial centre All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.
  • 8. Best Corporate Finance Bank Islamic Business & Finance Awards 2009 Standard Chartered Contacts Ahsan K. Ali Head, Islamic Origination Standard Chartered Bank Tel: +971 4 5083174 Fax: +971 4 4282504 ahsan.k.ali@standardchartered.com Dilshan Hettiaratchi Head of Debt Capital Markets, MENA Standard Chartered Bank Tel: +971 4 5083639 Fax: +971 4 3700079 dilshan.hettiaratchi@standardchartered.com Steve Perry Managing Director, Global Head of Project, Aircraft and Shipping Finance Syndications & Regional Head Syndications MEPA Standard Chartered Bank Tel: +9714 5083306 Fax: +9714 4282574 steve.perry@standardchartered.com Yvonne Chan Head, Capital Markets Malaysia Standard Chartered Bank Malaysia Berhad Tel: +603 27817113 Fax: +603 27116070 yvonne.YK.chan@standardchartered.com All customer information is strictly confidential and should not be published or shared with other parties without explicit prior consent from Standard Chartered Bank.

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