Coats, Andrew

Partner, Clifford Chance LLP, London, United Kingdom Andrew Coats is a partner in Clifford Chance’s Finance and Capital Markets group, specializing in structured capital markets products and derivatives. He regularly advises issuers and lead managers on a variety of products, including sukuk and other Islamic finance structures. Andrew has recently worked on a number of pioneering transactions involving issuers in the Middle East, including, in 2006, SABIC’s SAR 3 billion Sukuk issue, the first non-equity securities transaction to be publicly offered in Saudi Arabia under the new Capital Market Law. In 2007 Andrew advised on Saudi Electricity Corporation’s SAR 5 billion and SABIC’s SAR 7 billion Sukuk issues, the latter being the largest Sukuk issue to date by a Saudi company. Other recent significant transactions that Andrew has advised on include the Saudi British Bank’s U.S.$1 billion Euro-Medium Term Note Program, the first EMTN program ever established by a Saudi Arabian issuer.