Clifford Chance advises Aldar on USD 1.0 billion subordinated hybrid notes issuance to Apollo

"Clifford Chance advised Aldar on a USD 1.0 billion subordinated hybrid notes issuance to Apollo Global Management via private placement. Net proceeds were injected as equity into Aldar Investment Properties (AIP), and the transaction included repayment of USD 500 million of AIP’s perpetual subordinated notes previously issued to Apollo."

Clifford Chance advised Aldar on the issuance of USD 1.0 billion subordinated hybrid notes to Apollo Global Management through a private placement. The net proceeds from the placement were injected as equity into Aldar Investment Properties (AIP). The transaction also included the repayment of USD 500 million of perpetual subordinated notes previously issued by AIP to Apollo. Clifford Chance represented Aldar with a team composed by: Mohammed Al-Shukairy (Private Equity/M&A partner; Regional Managing Partner, Middle East & Türkiye), Stuart Ure (Capital Markets partner), Gareth Dray (Legal Director, Private Equity/M&A), Terrence Moloney (Counsel, Capital Markets), Pearl Mahaga (Senior Associate, Capital Markets), Kimberly Ng (Senior Associate, Private Equity/M&A) and Hafsah Akhtar (Trainee, Private Equity/M&A).

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Clifford Chance advises Aldar on USD 1.0 billion subordinated hybrid notes issuance to Apollo

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Clifford Chance advises Aldar on USD 1.0 billion subordinated hybrid notes issuance to Apollo

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