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Crosspoint

Debt Capital Markets — Signature capability

From mandate to money.

A shareholder wants half a billion dollars in the bank in eight weeks. That is not a financing request — it is an orchestration problem. A benchmark sukuk demands a dozen disciplines running in parallel, to one timetable, with one party holding the baton. This is that pathway — drawn from live international sukuk issuances led across the GCC.

8wks

Mandate to proceeds
— six, exceptionally

The pathway

A $1 billion programme, $500 million drawn

Six phases, many workstreams, one drawdown. The eight-week timetable is the standard; the disciplines are what make it repeatable.

  1. 1
    Week 1

    Mandate & mobilisation

    Fix the objective — $500m in hand — and the instrument: a trust-certificate (sukuk) programme of $1bn with a first drawdown. Stand up the working group and the eight-week timetable, and appoint the international arrangers / joint lead managers.

  2. 2
    Week 1–2

    Advisers & structure

    Engage issuer and managers' legal counsel (English, local and Cayman). Establish the offshore issuing SPV and trustee with leading Cayman counsel. Appoint the Shari'ah advisers.

  3. 3
    Week 2–4

    Rating & Shari'ah

    Brief the rating agencies and run a managed credit-rating review to confirm or refresh the issuer rating. In parallel, complete the Shari'ah structuring and the fatwa (pronouncement) for the certificates.

  4. 4
    Week 2–5

    Documentation & due diligence

    Draft the base prospectus / offering circular and the programme suite — trust deed, agency and subscription agreements. Refresh the financial model and audited financials with auditor comfort letters. Run legal, financial and business due diligence.

  5. 5
    Week 5–6

    Marketing & listing

    Build the investor presentation and credit story; run the global roadshow — London, Zurich, Abu Dhabi, Dubai, Doha, Singapore, Hong Kong — within selling restrictions. File the listing application (London Stock Exchange / Nasdaq Dubai).

  6. 6
    Week 7–8

    Bookbuild, price & close

    Announce, open the books, build the order book, then price and allocate. Sign, list the instrument and settle through Euroclear / Clearstream — proceeds in the account.

Disciplines, in parallel

The speed is not shortcuts — it is many workstreams running at once, to one timetable. These are the hats that get coordinated:

  • ·Arrangers & bookrunners
  • ·Legal — issuer, managers & Cayman
  • ·SPV, trustee & structure
  • ·Shari'ah board & fatwa
  • ·Rating agencies
  • ·Audit & financials
  • ·Prospectus & documentation
  • ·Investor marketing & roadshow
  • ·Listing, clearing & settlement

Proven, not theoretical

$1B

Programme established

$500M

Drawn at first issue

8 wks

Mandate to proceeds

This pathway is drawn from a career leading 5+ international sukuk issuances totalling ~$2.15 billion, listed on the Irish Stock Exchange and Nasdaq Dubai. Crosspoint's role is the one an issuer can't play for itself: the independent architect who convenes the banks, lawyers, scholars and rating agencies around a single timetable — and holds them to it.

See the track record behind it

Considering the capital markets?

Whether it is a first sukuk, a bond programme or a refinancing, the pathway starts with a short, confidential conversation about the timetable.

Start the conversationmika.toivola@crosspointinc.ae