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Q3. In April 2014, Law agency advised the Government of Pakistan on the update of its Pk Rp. $5 billion Trust Certificate Issuance Programme and

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Q3. In April 2014, Law agency advised the Government of Pakistan on the update of its Pk Rp. $5 billion Trust Certificate Issuance Programme and the subsequent issuance of Rp. $3 Million sukuk al- ijara due 2029, the Government's first 15-year issuance and the longest tenor for a sukuk issued by an unrated issuer to date. MCB Bank, Bank Al-falah, Soneri Bank, Askari Bank and Standard Chartered Bank acted as joint lead managers on the transaction. The issuer, trustee and lessor in this case was Meezan Bank Sukuk Limited, a limited liability company incorporated under the laws for the sole purpose of issuing sukuk under the trust certificate issuance programme. The tangible asset underlying the ijara was real estate located in the Pakistan. Highlight the key parties involved in this structure. Explain in detail the structure and key features to be considered in the above model.Single line text. 2:11 PM + Q3. In April 2014, Law agency advised the Government of Pakistan on the update of its Pk Rp. $5 billion Trust Certificate Issuance Programme and the subsequent issuance of Rp. $3 Million sukuk al- ijara due 2029, the Government's first 15-year issuance and the longest tenor for a sukuk issued by an unrated issuer to date. MCB Bank, Bank Al-falah, Soneri Bank, Askari Bank and Standard Chartered Bank acted as joint lead managers on the transaction. The issuer, trustee and lessor in this case was Meezan Bank Sukuk Limited, a limited liability company incorporated under the laws for the sole purpose of issuing sukuk under the trust certificate issuance programme. The tangible asset underlying the ijara was real estate located in the Pakistan. Highlight the key parties involved in this structure. Explain in detail the structure and key features to be considered in the above model.Single line text. 2:11 PM +

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