{"id":84354,"date":"2024-05-22T00:00:00","date_gmt":"2024-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/emirates-islamic-takes-usd-750-sukuk-to-the-market\/"},"modified":"2024-05-22T00:00:00","modified_gmt":"2024-05-22T00:00:00","slug":"emirates-islamic-takes-usd-750-sukuk-to-the-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/22\/emirates-islamic-takes-usd-750-sukuk-to-the-market\/","title":{"rendered":"Emirates Islamic takes USD 750 sukuk to the market"},"content":{"rendered":"

Emirates Islamic is set to raise USD 750 from its debut five-year senior <\/strong>sustainability-linked sukuk<\/strong>, Reuters<\/a> reports, citing a document it has seen. The issuance attracted some USD 1.9 bn in orders, and is part of a broader USD 2.5 bn certificate issuance program, according to Reuters.<\/p>\n

The details: <\/strong>The lender narrowed the price guidance for the five-year sustainability sukuk to 100 basis points (bps) from an initial price guidance<\/a> of 130 bps over US Treasuries. <\/p>\n

Advisors:<\/strong> Emirates NBD Capital and Standard Chartered Bank were appointed as joint global coordinators, while First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, and the Islamic Corporation For The Development of the Private Sector were selected to act as joint lead managers and joint bookrunners for the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The lender gave the issuance a spread of 100 bps over US Treasuries<\/p>\n","protected":false},"author":1,"featured_media":84355,"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":[83,11,49,153,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-green-sukuk","tag-uae","wpautop","entry"],"acf":{"mongo_id":"1c3f13f2-912e-4145-87fe-a737ee16c418","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/2142.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emirates Islamic takes USD 750 sukuk to the market","related_issue":[84342],"teaser":"The lender gave the issuance a spread of 100 bps over US Treasuries","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.e6cc3a4c-b3ec-4148-9e85-ebbc1ed6bcf7.mp3"},"yoast_head":"\nEmirates Islamic takes USD 750 sukuk to the market - 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