Arquaam Limited

GLAS Appointed as Trustee on $10,000,000,000 Repackaging Programme

April 2018, London – GLAS is delighted to announce its recent appointment as Trustee to the ARQ P Notes B.V. Programme, a USD 10bn repackaging programme involving the issuance of notes and warrants linked to the value and performance of underlying shares of certain companies, predominantly in the Middle East. The programme is highly active, undertaking thirty-two series issuances during the first quarter of 2018 alone.

The programme was arranged by Arqaam Capital, a specialist emerging markets investment bank headquartered in Dubai, bringing regional and international product offerings to the emerging markets.

Global Head of Sales at GLAS, Xavier Poussardin, commented “We are thrilled to be involved in this transaction and to add another repack to our portfolio. GLAS’ combined experience across emerging markets and structured finance, coupled with our extensive corporate trust skills and ability to offer quick turnaround of documents for frequent issuances made us the ideal candidate for the role.”

For more information please contact