{"id":84040,"date":"2024-05-08T00:00:00","date_gmt":"2024-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/"},"modified":"2024-05-08T00:00:00","modified_gmt":"2024-05-08T00:00:00","slug":"uaes-aldar-properties-taps-banks-for-10-year-green-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/","title":{"rendered":"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk"},"content":{"rendered":"

Abu Dhabi real estate developer Aldar Properties has appointed banks to <\/strong>advise <\/strong>on its second <\/strong>10-year USD 500 mn green sukuk issuance<\/strong>, Reuters<\/a> reports, citing a document it has seen. Banks began holding investor meetings yesterday, paving the way for the issuance of the benchmark-sized sukuk under its USD 2 bn trust certificates programme. <\/p>\n

REMEMBER-<\/strong> A \u201cbenchmark sized\u201d issuance is usually at a minimum valued at USD 500 mn.<\/p>\n

Where\u2019s the money going? <\/strong>Proceeds from the green sukuk sale will support financing, refinancing, and investment in specific green projects. <\/p>\n

The Abu-Dhabi based developer also issued a tender purchase offer<\/strong> for its outstanding trust certificates worth USD 500 mn, which are set to mature in September 2025, according to the report.<\/p>\n

Remember:<\/strong> Aldar Properties CFO Faisal Falaknaz mentioned plans for a second USD 500 mn green sukuk issuance about two months ago<\/a> following last year's debut<\/a>. The sukuk will be issued under Aldar's green framework to expand green financing across its facilities.<\/p>\n

Advisors: <\/strong>Our friends at HSBC<\/strong>, alongside Standard Chartered Bank<\/strong>, are global coordinators for the issuance. Our friends at Mashreq<\/strong> and First Abu Dhabi Bank<\/strong>, alongside Abu Dhabi Commercial Bank<\/strong>, Abu Dhabi Islamic Bank<\/strong>, Dubai Islamic Bank<\/strong>, Emirates NBD Capital<\/strong>, and Morgan Stanely<\/strong> were selected as the joint lead managers and bookrunners for the issuance.<\/p>\n","protected":false},"excerpt":{"rendered":"

CEO Faisal Falaknaz mentioned plans for a USD 500 mn green sukuk issuance two months ago<\/p>\n","protected":false},"author":1,"featured_media":84041,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[83,11,49,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-uae","wpautop","entry"],"acf":{"mongo_id":"78857100-8dcc-42a1-92a4-a38aac481a63","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/436.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk","related_issue":[84035],"teaser":"CEO Faisal Falaknaz mentioned plans for a USD 500 mn green sukuk issuance two months ago","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.519ef45f-6353-4f15-91c0-91c26825d73e.mp3"},"yoast_head":"\nUAE\u2019s Aldar Properties taps banks for 10-year green sukuk - 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\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk\" \/>\n<meta property=\"og:description\" content=\"CEO Faisal Falaknaz mentioned plans for a USD 500 mn green sukuk issuance two months ago\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.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\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk\",\"datePublished\":\"2024-05-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/\"},\"wordCount\":222,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseClimate\",\"green bonds\",\"UAE\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/\",\"name\":\"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-08T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/","og_locale":"en_US","og_type":"article","og_title":"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk","og_description":"CEO Faisal Falaknaz mentioned plans for a USD 500 mn green sukuk issuance two months ago","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/","og_site_name":"Climate","article_published_time":"2024-05-08T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk","datePublished":"2024-05-08T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/"},"wordCount":222,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1","keywords":["DEBT WATCH","EnterpriseClimate","green bonds","UAE"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/","name":"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1","datePublished":"2024-05-08T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/08\/uaes-aldar-properties-taps-banks-for-10-year-green-sukuk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"UAE\u2019s Aldar Properties taps banks for 10-year green sukuk"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/436.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-lRu","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=84040"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84040\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/84035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/84041"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=84040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=84040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=84040"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=84040"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}