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Wednesday, November 29, 2023

Launch Partners

Aldar Investment Properties’s US$500 million green Sukuk issue oversubscribed with total orders of over US$2.3 billion

UAE: Aldar Investment Property’s US$500 million 10-year green Sukuk facility has been oversubscribed with total orders amounting to over US$2.3 billion, according to an official statement. The Reg S Sukuk facility carries a coupon rate of 4.88%.

The issuance proceeds will be deployed in accordance to Aldar’s Green Finance Framework which governs investment in sustainable projects, such as green buildings, property upgrades to enhance energy efficiency, sustainable water management, pollution control measures and renewable energy sources. This is the first issuance under Aldar’s US$2 billion corporate Sukuk program

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