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          DWF advises Linklease Finance plc on US$500,000,000 bond program

          DWF's Debt Capital Markets team has advised Linklease Finance Plc in its capacity as issuer on its US$500,000,000 Medium Term Note bond program.

           

          Date: 18/01/2019

          DWF's Debt Capital Markets team has advised Linklease Finance Plc in its capacity as issuer on its US$500,000,000 Medium Term Note bond program.

          The first 2018 series of Bonds for an amount of US$50,000,000 was issued by Linklease on 20 December. 

          The Bonds are listed on the Frankfurt exchange with a rating of A(sf) (ind) from ARC Ratings.

          The Bonds will fund specialist equipment leasing transactions in the United Arab Emirates originated by Link Lease Equipment Rental LLC, an equipment rental company licensed in Dubai which leases a broad range of equipment, including logistics, manufacturing, printing, healthcare and construction equipment.

          DWF's team was led by partner, Martin Pugsley who is head of DWF's Financial Services sector, alongside Michael Byrne and Ade Olunowo in the London office and Umera Ali, Abdullah Masud and Katrina Mackay in the Banking team in DWF's Dubai office.

          Martin Pugsley said: "We are pleased to advise Linklease on this significant bond issue, which will open up lines of funding to mid-tier businesses. This transaction perfectly demonstrates our global credentials and specific expertise in the Financial Services sector."

          Nadine Buckland, managing director of Zenzic Partners investment bank, which acted as arranger to the issuer, said: "The Linklease bond was the second bond Zenzic Partners arranged in Q4 2018 and we are looking forward to working with DWF on an ongoing basis. The transaction was closed with the support of Martin Pugsley and his team, within six weeks, which was collectively a great achievement and shows again our ability to provide capital markets access to high growth companies in the middle-market."

           

          Related people

          Martin Pugsley

          • Partner // Head of Financial Services Sector

          Umera Ali

          • Partner // Head of Banking & Finance (Middle East) // Global Head of Islamic Finance