Now Reading: Hogan Lovells advises Brooge Petroleum and Gas Investment Company FZE on landmark US$167 million Sukuk Issuance and US$147 million bond refinancing
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Hogan Lovells advises Brooge Petroleum and Gas Investment Company FZE on landmark US$167 million Sukuk Issuance and US$147 million bond refinancing
Hogan Lovells advises Brooge Petroleum and Gas Investment Company FZE on landmark US$167 million Sukuk Issuance and US$147 million bond refinancing
London, 4 December 2025 – Global law firm Hogan Lovells has acted as lead legal counsel to UAE-based oil refinery and storage company Brooge Energy on its successful $167 million sukuk issuance and the refinancing of $147 million Nordic bonds.
This transaction marks a significant milestone for Brooge Petroleum and Gas Investment Company FZE following its recent acquisition by Gulf Navigation Holding PJSC (GulfNav). The sukuk issuance represents a landmark Islamic financing for the enlarged group and underscores its strategy to create a more integrated and sustainable platform in energy logistics and storage.
HSBC’s Private Credit team served as sole underwriter and arranger, working alongside HSBC’s Debt Capital Markets team to deliver this complex financing solution.
The Hogan Lovells team was led by London-based Restructuring and Special Situations partners Sam Norris and Alex Kay, and Dubai-based Islamic finance specialist Rahail Ali and corporate partner Imtiaz Shah, supported by a cross-border team including counsel Jonathan Morris (London), senior associate Freddie Doust (London), and associates Betty Yang (London), Anton Sokolov (Dubai), and Isabelle Forrest (Dubai).
