The sale and leaseback opportunity within the bond document is done for financial and tax planning.
It plans some one-off tricks, such as the sale and leaseback of its property portfolio.
Since interest is forbidden under Sharia law, companies enter sale-and-leaseback arrangements with trusts that issue certificates called sukuks.
The company specializes in sale-leaseback transactions to clients including Google, Tesco and hundreds if not thousands of other businesses.
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The social-security ministry, on the other hand, owns practically nothing, having already done a sale-and-leaseback deal on its benefit offices.
Other countries, such as the U.K., Canada and Australia, offer similarly structured sale-leaseback deals, provided the studios use native actors or shoot portions of the film within their borders.
Thomas Cook also secured shareholder approval earlier this week to sell its investments in a Spanish hotel business, and backing for the sale and leaseback of some of its aircraft.
Clients were encouraged to invest money supposedly to support the UK film industry and were then loaned money back, exploiting government tax relief rules on investment in new British films - so-called sale-and-leaseback schemes.
The directors and their private equity backers have been criticised for using a business model, known as sale and leaseback, which allowed the company to expand rapidly in times of high property prices, but left the organisation unable to pay its rent bill in recent years.
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