Dubai—Dentons has advised The National Bank of Ras Al-Khaimah on the issuance of its US$500 million 4.125% Notes due 2024, completed on 9 April 2019. Dentons previously advised the bank on the recent update of its US$2 billion Guaranteed Medium Term Note Programme.

Arab Banking Corporation, Citigroup Global Markets, Emirates NBD, First Abu Dhabi Bank, ICBC and Standard Chartered Bank acted as Joint Lead Managers and book-runners on this issuance.

Dentons capital markets partner, Alex Roussos, commented: "We are delighted to have worked with RAKBANK on their return to the bond markets. The bank's ability to continue to tap international capital markets following its successful issuances in 2014 and 2015 is testament to the resilience and strong execution capability of UAE issuers at a time where legal and market developments are fast-paced and unpredictable"

The Dentons team was led by Alex Roussos, with assistance from senior associate Joshua Pileggi and trainee Niharika Khimji.

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