Clifford Chance has advised Tourism Development & Investment Company (TDIC) on its $1.45 billion sukuk trust certificate programme. The trust certificates are trading on the London Stock Exchange, and the first issue under the programme on October 21 had an aggregate principal amount of $1 billion. The arrangers and managers were represented by Linklaters, with Maples and Calder assisting the Cayman Islands issuer, TDIC Sukuk.
October 21 2009