RAKIA Sukuk (continued...) - Islamic Finance News
RAKIA Sukuk (continued...) - Islamic Finance News
RAKIA Sukuk (continued...) - Islamic Finance News
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TERMSHEET<br />
INSTRUMENT<br />
ISSUER<br />
PRINCIPAL ACTIVITIES<br />
BOARD OF DIRECTORS<br />
DATE OF LISTING<br />
ISSUE SIZE<br />
Aston Martin<br />
<strong>Islamic</strong> Structure used Commodity Murabaha for Shariah Compliant Senior Secured Acquisition<br />
Facilities<br />
Aston Martin Investment Limited<br />
Acquisition of Aston Martin Lagonda Group Limited<br />
Mahmoud Samy, Amr Abou El Seoud , David Richards, Adnan Al Musallam, Rezam Al Roomi, Mustafa<br />
Al Saleh<br />
Un Listed<br />
£225 million<br />
DATE OF ISSUE 7 th February 2008<br />
MATURITY<br />
COUPON<br />
PAYMENT SCHEDULE<br />
IDENTIFIED ASSETS<br />
LEAD ARRANGER<br />
LEGAL COUNSEL<br />
GUARANTOR<br />
UNDERWRITERS<br />
TRUSTEE<br />
SHARIAH ADVISOR<br />
METHOD OF ISSUE<br />
PURPOSE OF ISSUE<br />
RATINGS<br />
DIVIDEND PER UNIT<br />
5 / 8 years<br />
295 bps/345 bps<br />
Profi t Pay out every six month<br />
Principal Payout in the way of 50% of annual surplus cash fl ow is used to prepay the Facilities throughout<br />
the life of the facilities<br />
Equity of Austin Marting Loganda Limited<br />
West LB<br />
Clifford Chance and DWS<br />
Austin Martin Investment Limited<br />
West LB<br />
Not trust base<br />
Members of Sharia Board of Investment Dar Co. KSCC<br />
Syndication<br />
Financing the LBO of Aston Martin Loganda Limited<br />
Un Rated<br />
Profi t Bearing hence no dividends<br />
Page 64<br />
www.<strong>Islamic</strong><strong>Finance</strong><strong>News</strong>.com
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