KUWAIT CITY, June 15,2025 – Meysan Partners successfully advised the Joint Lead Managers as Kuwait counsel on Boubyan Bank’s US$500 million senior unsecured Sukuk issuance under its US$3 billion Trust Certificate Issuance Programme.
Transaction Overview:
The transaction marks Boubyan bank’s return to the debt market after 3 years
• 4.2 times oversubscribed with US$2.1 billion in orders
• Listed on Euronext Dublin
• Wakala/Murabaha structure with 5-year maturity
Proceeds will support the bank’s general corporate needs and improve regulatory ratios as per CBK requirements
Legal Advisory Scope:
Meysan’s Capital Markets team provided comprehensive advisory services to the JLMs on all Kuwaiti law and regulatory aspects of the transaction including:
• Corporate and Regulatory approvals from CBK and CMA
• Transaction documentation review
• Enforceability opinions
Joint Lead Managers:
Citigroup, HSBC and Standard Chartered acted as Global Coordinators and, alongside Al Dawli Invest Investment Company, Arab Banking Corporation, Boubyan Capital Investment Company, Dubai Islamic Bank, KFH Capital Investment Company, Warba Bank, SMBC Bank International, and The Islamic Corporation for the Development of the Private Sector, served as Joint Lead Managers and Bookrunners.
Meysan Team:
The transaction was led by Partner Tarek Yehya, supported by Counsel Lama Abou Ali and Senior Associate Samar Jrade.
About Meysan’s Capital Markets Practice:
Recognized as a Band 1 firm for Corporate & Finance in Kuwait by Chambers and Partners (2025), Meysan’s Capital Markets team combines deep regulatory expertise with innovative structuring capabilities across debt and equity transactions. Our lawyers regularly advise on complex Sukuk and bond issuances, as well as hybrid instruments such as preferred stock, IPOs, and regulatory compliance matters, helping clients navigate Kuwait’s dynamic financial landscape. With a track record of landmark transactions, we deliver solutions aligned with both Sharia principles and international market standards.
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