{"id":84077,"date":"2024-05-09T00:00:00","date_gmt":"2024-05-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/"},"modified":"2024-05-09T00:00:00","modified_gmt":"2024-05-09T00:00:00","slug":"aldar-properties-launches-usd-500-mn-green-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/","title":{"rendered":"Aldar Properties launches USD 500 mn green sukuk"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Aldar Properties has started selling USD 500 mn in 10-year green sukuk <\/strong>at 110 basis points over US treasuries, narrowed down from guidance of 140 bps on strong investor demand, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/islamic-economy\/islamic-finance\/aldar-properties-starts-selling-10-year-green-sukuk-document-says-wby47opp\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a document it has seen. The issuance attracted USD 1.9 bn in orders, and comes under its USD 2 bn trust certificates programme. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The proceeds will go towards financing, refinancing and investing in green projects<\/strong>, the newswire said, without disclosing specifics. This is Aldar Properties\u2019 second USD 500 mn green sukuk issuance, following <a target=\"_blank\" href=\"https:\/\/www.aldar.com\/en\/news-and-media\/aldar-investment-properties-issues-usd-500-million-10-year-inaugural-green-sukuk\" style=\"\" rel=\"noopener\">last year's debut<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Abu-Dhabi based developer had also reportedly issued a tender purchase offer for its outstanding trust certificates worth USD 500 mn, which are set to mature in September 2025, the newswire writes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>Our friends at HSBC, alongside Standard Chartered Bank, are global coordinators for the issuance. Our friends at Mashreq and First Abu Dhabi Bank, alongside Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, and Morgan Stanely were selected as the joint lead managers and bookrunners for the issuance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aldar Properties has started selling USD 500 mn in 10-year green sukuk at 110 basis points over US treasuries, narrowed down from guidance of 140 bps on strong investor demand, Reuters reports, citing a document it has seen. The issuance attracted USD 1.9 bn in orders, and comes under its USD 2 bn trust certificates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":84078,"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":[83,11,49,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84077","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":"83150651-043d-4168-8d5e-b364a31e549a","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/752.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aldar Properties launches USD 500 mn green sukuk","related_issue":[84072],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.33761b30-59da-4632-bb43-70ffc22dd895.mp3"},"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>Aldar Properties launches USD 500 mn 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\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aldar Properties launches USD 500 mn green sukuk\" \/>\n<meta property=\"og:description\" content=\"Aldar Properties has started selling USD 500 mn in 10-year green sukuk at 110 basis points over US treasuries, narrowed down from guidance of 140 bps on strong investor demand, Reuters reports, citing a document it has seen. The issuance attracted USD 1.9 bn in orders, and comes under its USD 2 bn trust certificates [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/752.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\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aldar Properties launches USD 500 mn green sukuk\",\"datePublished\":\"2024-05-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/\"},\"wordCount\":176,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/752.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\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/09\/aldar-properties-launches-usd-500-mn-green-sukuk\/\",\"name\":\"Aldar Properties launches USD 500 mn green sukuk - 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