A&Q has been engaged by FINCA Pakistan Microfinance Bank Limited, part of FINCA, the leading global microfinance group, for its potential merger with APNA Microfinance Bank Limited, with a total deal value of above PKR 60,000,000,000/- (Pakistani Rupees Sixty Billion only). To date, no microfinance bank merger has taken place in...
A&Q has represented the lenders in PKR 750 million Islamic structured facilities provided to Orient Petroleum Inc., one of the country's leading exploration & production companies, for the purpose of conducting capital expenditure on certain petroleum fields. The facilities were mainly secured through the assignment of oil, gas and LPG receivables...
A&Q is representing a syndicate of major banks in the extension of PKR 6 billion structured Islamic facilities to Unicol Limited, the country’s leading ENA ethanol producer. Unicol will use the facilities together with an equity injection to fund its acquisition of a large industrial sugar production unit from Popular Sugar...
A&Q is representing a syndicate of major banks in the extension of PKR 6 billion structured Islamic facilities to Unicol Limited, the country’s leading ENA ethanol producer. Unicol will use the facilities together with an equity injection to fund its acquisition of a large industrial sugar production unit from Popular Sugar...
We are pleased to announce that The Bank of Punjab has raised PKR 3,000 Million under a Syndicated Medium-Term Finance Facility for ORIENT PETROLEUM INC. (Formerly: OPL). The Bank of Punjab acted as “Mandated Lead Arranger, Agent Bank, Security agent, and Shariah Structuring Bank” for this transaction.
The number of REIT schemes in which A&Q has been formally engaged as legal counsel has risen to a total of eighteen (18), which include shariah compliant and non-shariah compliant REITs, under both direct investment structure and SPV structure. Four (4) REITs have been successfully registered, with a further fourteen (14)...
A&Q has been engaged by joint financial advisors in the issuance of domestic shariah complaint sukuk certificates by the Government of Pakistan, aiming to raise up to PKR 700 billion through auction, with terms of one, three, and five years and with fixed and variable rates of return.The issue will...
A&Q is representing as counsel Islamic Corporation for the Development of the Private Sector (ICD), The OPEC Fund for International Development (OFID), and DEG Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) in all legal work related to the transition from London Inter-Bank Offer Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR) in...