Clifford Chance has advised the Export-Import Bank of Malaysia Berhad (MEXIM) on the launch of its $1 billion multicurrency sukuk programme.

Hong Kong capital markets partner Matt Fairclough led the Clifford Chance team, and was supported by senior associate Gregory Man in Hong Kong and the firm’s global Islamic finance head, Qudeer Latif, in Dubai.

Linklaters advised the arrangers of the sukuk programme: BNP Paribas, HSBC, CIMB and Maybank.

The programme is the first of its kind to use this type of wakala structure in Asia, said Latif in a statement.

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