Mark Lim

Advised Sime Darby Berhad in relation to a proposed subordinated sukuk programme of up to MYR3 billion in nominal value under the Shariah principles of Wakalah. This was the largest non-bank perpetual sukuk issuance in the world.

Acted as deal counsel for CIMB Bank Berhad; Maybank Kim Eng Securities Pte Ltd; Standard Chartered Bank; and Standard Chartered Saadiq Berhad on the GBP1.35 billion financing of the Battersea Power Station, one of the largest real estate financings in the UK in recent years. Battersea Power Station is an iconic decommissioned coal-fired power station located on the south bank of the River Thames in London. The financing comprised a GBP750 million facility for Phase 2 and a GBP600 million facility for Phase 3 for development of the site, the latter consisting of a combination of Islamic financing and conventional financing.

Advised CIMB Investment Bank and Maybank Investment Bank in relation to a 20-year commodity Murabahah term financing of up to MYR3.2 billion in six tranches to be granted to the project company to part finance a proposed mixed development in the centre of Kuala Lumpur with an estimated GDV of MYR5 billion.

Represented Malayan Banking Berhad and CIMB Bank Berhad on the banking facilities granted to a British Virgin Islands company to part finance its acquisition of an English retailing business group which owns a reputable toiletries brand. Part of the financing security includes the intellectual property rights owned by the borrower that are registered in approximately 80 countries.

Advised EXIM Sukuk Malaysia Berhad (the issuer) and Export-Import Bank of Malaysia Bhd. (the obligor) on a multicurrency sukuk issuance programme of up to USD1 billion (or its equivalent in other currencies) in nominal value under the Shariah principle of Wakala. The proceeds of the sukuk programme will be applied by the obligor to its Shariah-compliant working capital, and general banking and financing activities, as well as other Shariah-compliant purposes.

Advised Maybank Investment Bank Berhad as the Principal Adviser/Lead Arranger in respect of a 20-year medium term notes (MTN) programme of up to MYR3 billion in nominal value to be issued by CMMT MTN Berhad. This is one of the first MTN programmes in Malaysia involving both rated and unrated issuances of MTN and has served as a precedence for future MTN programmes in Malaysia.

Advised a Gulf International Bank BSC in relation to its fund raising exercise of approximately USD1.1 billion via the issuance of Ringgit-denominated sukuk.

Advised Maybank Investment Bank Berhad and AmInvestment Bank Berhad in relation to an Islamic medium term notes (sukuk) programme of up to MYR2 billion in nominal value under the Shariah principles of Musharakah made available to one of Malaysia’s leading multi-cargo port operator.

Represented Maybank Islamic Berhad, in relation to a MYR150 million Islamic trade facilities made available to Press Metal Sarawak Sdn Bhd (PMSSB), a wholly owned subsidiary of Press Metal Berhad, a leading aluminium extruder in Southeast Asia.