{"id":77503,"date":"2023-05-17T23:12:09","date_gmt":"2023-05-17T23:12:09","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/"},"modified":"2023-05-17T23:12:09","modified_gmt":"2023-05-17T23:12:09","slug":"abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/","title":{"rendered":"Abu Dhabi\u2019s Aldar Investment Properties plans USD 500 mn green sukuk issuance"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><strong> Aldar\u2019s debut green bond issuance<\/strong><strong> has an initial price guidance:<\/strong> Abu Dhabi\u2019s Aldar Investment Properties \u2014 a unit of Aldar Properties \u2014 plans to issue a USD 500 mn 10-year inaugural green sukuk bond next Wednesday, <a href=\"https:\/\/www.reuters.com\/article\/aldar-sukuk-greenbonds\/uaes-aldar-investment-properties-plans-10-yr-500-mln-green-sukuk-document-idUKS8N36G02O\">Reuters<\/a> reports, citing a bank document. Initial price guidance for the bond, which comes under the company\u2019s Green Framework, was set at 185 bps over US treasuries, the document notes. The new details come one day after Aldar <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/942ae58a-c024-4585-8f53-c04d0008c0f7\">asked banks<\/a> to arrange a global investor call and one-on-one small group fixed income investor calls over the sukuk issuance.<\/p>\n<p><strong>Advisors:<\/strong> HSBC and Standard Chartered Bank are acting as joint global coordinators, while Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, and Mashreq are acting as joint lead managers and joint bookrunners.<\/p>\n<p><strong>REMEMBER-<\/strong> Interest in green bonds and green sukuk has been on the rise in the region in recent months ahead of COP28 in the UAE. Last month, the UAE\u2019s state-owned Abu Dhabi National Energy Company (Taqa) raised an aggregate USD 1.5 bn in a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4fd9b318-73b8-4867-938b-4da3cf4677ae\">dual-tranche green bond issuance<\/a> that was almost 10x oversubscribed at a final order under the company\u2019s new Green Finance Framework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aldar\u2019s debut green bond issuance has an initial price guidance: Abu Dhabi\u2019s Aldar Investment Properties \u2014 a unit of Aldar Properties \u2014 plans to issue a USD 500 mn 10-year inaugural green sukuk bond next Wednesday, Reuters reports, citing a bank document. Initial price guidance for the bond, which comes under the company\u2019s Green Framework, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77504,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[630,1670,83,11,49,153],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-aldar-investment-properties","tag-aldar-properties","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-green-sukuk","wpautop","entry"],"acf":{"mongo_id":"2e4dc70a-d3ec-4f73-9f9f-e462b90f18b1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/148.jpg","photo_position":"above","related_issue":[77491],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Abu Dhabi\u2019s Aldar Investment Properties plans USD 500 mn green sukuk issuance - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Dhabi\u2019s Aldar Investment Properties plans USD 500 mn green sukuk issuance\" \/>\n<meta property=\"og:description\" content=\"Aldar\u2019s debut green bond issuance has an initial price guidance: Abu Dhabi\u2019s Aldar Investment Properties \u2014 a unit of Aldar Properties \u2014 plans to issue a USD 500 mn 10-year inaugural green sukuk bond next Wednesday, Reuters reports, citing a bank document. Initial price guidance for the bond, which comes under the company\u2019s Green Framework, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-17T23:12:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/148.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Abu Dhabi\u2019s Aldar Investment Properties plans USD 500 mn green sukuk issuance\",\"datePublished\":\"2023-05-17T23:12:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/148.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Aldar Investment Properties\",\"Aldar Properties\",\"DEBT WATCH\",\"EnterpriseClimate\",\"green bonds\",\"Green sukuk\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/05\/17\/abu-dhabis-aldar-investment-properties-plans-usd-500-mn-green-sukuk-issuance\/\",\"name\":\"Abu Dhabi\u2019s Aldar Investment Properties plans USD 500 mn green sukuk issuance - 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