Legal Advisor to Markaz AI-Tijari’s Issuance of Basel III Compliant Tier 2 Bonds DEAL BRIEF COMMENTS: MEYSAN ADVISORS This successful issuance by The Commercial Bank of Kuwait (AI-Trijari) of the second tranche of Basel III compliant Tier 2 bonds had a value of KWD 50 million as well as the completion of the KWD 100 million subordinated Tier 2 Bonds programme. This marked the first ever Tier 2 Bonds Programme set up in Kuwait. Meysan acted as legal counsel to Kuwait Financial Centre K.S.C.P. (“Markaz”) providing legal expertise and support related to the Programme setup and the first and second tranches’ issuances. Meysan advised Markaz on corporate and regulatory approval requirements, filing and securing approvals from the Central Bank of Kuwait and Kuwait Capital Market Authority as well as drafting prospectus and transaction documents. Partner, Tarek Yehya led the team joined by Samar Jrade and Nour Mashmoushi. “The deployed strategy ensured a seamless and compliant issuance process that aligned with market demand, while balancing regulatory requirements and fulfilling Al-Tijari financial objectives. It also adhered to a strict timeline for executing the issuances to respond to prevailing market conditions.” www.meysan.com 44 LAWYER MONTHLY OCTOBER 2024
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