May 25th, 2016 - Kuwait City, Kuwait  - Meysan Partners, the Kuwait based corporate law firm, advised on the Boubyan Bank international issuance of the USD 250.000.000 Tier 1 Capital Sukuk which is the first Basel III compliant Sukuk issuance. The issuance will enhance the bank's capital base in line with Basel III guidelines.

Meysan Partners worked closely with the joint lead managers, Standard Chartered Bank and HSBC and Boubyan Capital Investment Company on the structuring of the issuance, the transaction documents and the management of the regulatory processes. Meysan Partners further represented the obligor, Boubyan Bank, before the Capital Markets Authority in Kuwait to secure the approvals on the issuance and the onshore offering and marketing of the Sukuk in Kuwait.

Meysan Partners would like to congratulate the transaction team, the advisors and Boubyan Bank for successfully closing the issuance locally and internationally with a remarkable oversubscription by more than 5 times the targeted amount, reaching USD 1.3 billion. The firm also would like to thank the Capital Markets Authority on its tremendous effort in this transaction that is a first under the new sukuk regulations issued by the Capital Markets Authority in November 2015.

Meysan Partners team was led by Abdul Aziz Al-Yaqout and Tarek Yehya.

About Meysan Partners
Meysan Partners is a Kuwait-based corporate law firm offering high quality, innovative legal advice delivered by a team of highly-experienced Arabic and English speaking lawyers.  This is underpinned by over 35 years of combined experience in the Middle East shared by its partners who, in recent years, have advised clients across a range of industry sectors on some of the most noteworthy and complex transactions in the region.

In September 2015, Meysan was awarded the IFLR's 'Rising Star Law Firm 2015' and in October 2015 it was shortlisted by The Oath for 'Best Regional Firm'.

For further information, please visit www.meysan.com

Media Contacts:
Email: Karen.morrison@alyaqout.com 
Tel: +971 564 662656

© Press Release 2016