Ogier in Cayman advised Goldman Sachs as arranger and lead manager on issue of first sukuk

Ogier’s Cayman office advised Goldman Sachs as arranger and lead manager on the issue of its first ever sukuk. The sukuk is based on a wakala structure with the underlying assets linked to commodities and raised $500m. Ogier’s role was to form and organise the issuer, review and comment on the transaction documents from a Cayman perspective and to advise on the complex Cayman regulatory issues, including AML and FATCA, as well as issuing customary listing opinions.