VORSCHAU
PRESSETERMINE
Volkskundemuseum Wien
23.09.2017 00:00
Literaturhaus Frankfurt
23.09.2017 00:00
der Kunstraum in den Ringstrassen Galerien
23.09.2017 00:00

AKTUELLES PRESSEFOTO

IR Nachrichten
22.09.2017 21:00 Fritz Nols AG
22.09.2017 19:26 Nexus AG
22.09.2017 18:45 Panamax Aktiengesellschaft


WETTER
Graz: sonnig
21°
Innsbruck: Regenschauer
21°
Linz: heiter
19°
Wien: Regen
17°
© wetter.net

Stadtname / PLZ

AKTIENKURSE
 
BUSINESS
Mi, 12.12.2012 15:00
Meldung drucken Artikel weiterleiten
pts20121212028 Companies/Finance, Commerce/Services
Pressefach Pressefach

FWU Group offers largest ever Sukuk bond from a European company

Manfred J. Dirrheimer, CEO FWU AG
Manfred J. Dirrheimer, CEO FWU AG
[ Foto ]

Munich (pts028/12.12.2012/15:00) - FWU AG Group (FWU), a Munich-based financial services company, recently issued a US$ 55,000,000 Sukuk - the first ever Sukuk issuance by a German corporate and the largest ever Sukuk from a European Corporate. This is also the first Sukuk to utilize a computer software programme and intellectual property rights under an Ijara structure.

FWU, which primarily offers global Takaful (Islamic insurance) solutions through strategic cooperation and distribution arrangements in Europe, the Middle East and Malaysia, entered into the transaction through the Dubai branch of its subsidiary FWU Dubai Services GmbH. The ultimate financiers were GCC-based investors represented by Takaful companies that have assisted FWU in raising funding under the Ijara-based (sale and leaseback) method.

The Sukuk were issued through a Luxembourg Issuer SPV incorporated using a Dutch Stichting (foundation) structure - first used in connection with the quasi-sovereign Sukuk issuance by Saxony-Anhalt in 2005.

Dr. Manfred J. Dirrheimer, Chairman of the Executive Board of FWU said: "This is a landmark transaction for the FWU Group which we believe confirms our commitment to the growth of the global Takaful industry on two levels: first the financing will expand our global network and broaden our Takaful offering; and second in providing an investment product for Takaful companies who are often starved of such products. The fact we have achieved this through using an innovative structure and a first of its kind asset class makes the successful closing of this transaction all the more memorable. We are delighted by the confidence shown in us by investors and look forward to forging continued relationships with them and the industry as a whole."

FWU is a pioneer in developing the Takaful industry in both Europe and the Middle East and this issuance represents its first entry to the market for finance from purely Islamic sources.

Rölfs Partner acted as German financial and tax advisers to FWU and Vinson & Elkins LLP acted as legal advisers to FWU on the transaction. Loyens & Loeff provided Luxembourg law and international tax structuring advice to the Issuer SPV. Maples FS and ATC Capital Markets provided corporate services to the Issuer SPV and the Dutch Stichting. Ernst & Young provided specialist Intellectual Property advice over the underlying assets.

Contact:
Dr. Manfred J. Dirrheimer, Owais Ansari
FWU AG, Boschetsrieder Str. 67, 81379 München, Tel: +49-89-7485880
Email: premium@fwugroup.com
http://www.fwugroup.com

(Ende)

Aussender: FWU AG
Ansprechpartner: Dr. Manfred J. Dirrheimer, Owais Ansari
Tel.: +49-89-7485880
E-Mail:
Website: www.fwugroup.com
FWU AG
   
Wie fanden Sie diese Meldung?
Weitersagen
likes dislike Share Share |
PRESSETEXT.TV
Social Media
ETARGET

FOCUSTHEMA


SPECIALS


Werbung
middleAdvertising