{"id":84391,"date":"2024-05-23T00:00:00","date_gmt":"2024-05-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/"},"modified":"2024-05-23T00:00:00","modified_gmt":"2024-05-23T00:00:00","slug":"emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/","title":{"rendered":"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk"},"content":{"rendered":"

Emirates Islamic\u2019s sustainability sukuk was 2.8x oversubscribed:<\/strong> Emirates Islamic raised USD 750 mn from its debut five-year senior sustainability-linked sukuk, with over USD 2.1 bn in orders, Wam<\/a> reports. The order book was 2.8x oversubscribed, allowing the lender to tighten the net income rate to a little over 5.4% annually, at a spread of 100 basis points (bps) over US treasuries. The sukuk is part of a broader USD 2.5 bn certificate issuance program.<\/p>\n

BACKGROUND-<\/strong> The lender was on track to raise USD 750 from its debut sustainability-linked sukuk earlier this week<\/a>, after the issuance attracted some USD 1.9 bn in orders. The lender narrowed the price guidance for the five-year sustainability sukuk to 100 bps from an initial price guidance 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 USD 750 mn sukuk was 2.8x oversubscribed<\/p>\n","protected":false},"author":1,"featured_media":84392,"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":[83,11,153,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-sukuk","tag-uae","wpautop","entry"],"acf":{"mongo_id":"00ffef2d-f6c7-44af-a189-36f1353c9ced","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/1825.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk","related_issue":[84379],"teaser":"The USD 750 mn sukuk was 2.8x oversubscribed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.87b07e7d-46c7-4537-a7eb-236bf978ae7e.mp3"},"yoast_head":"\nEmirates Islamic nabs over USD 2.1 bn in orders for debut 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\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk\" \/>\n<meta property=\"og:description\" content=\"The USD 750 mn sukuk was 2.8x oversubscribed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.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\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk\",\"datePublished\":\"2024-05-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseClimate\",\"Green sukuk\",\"UAE\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\",\"name\":\"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-23T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Emirates Islamic nabs over USD 2.1 bn in orders for debut 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":"Emirates Islamic nabs over USD 2.1 bn in orders for debut 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\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/","og_locale":"en_US","og_type":"article","og_title":"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk","og_description":"The USD 750 mn sukuk was 2.8x oversubscribed","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/","og_site_name":"Climate","article_published_time":"2024-05-23T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.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\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk","datePublished":"2024-05-23T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/"},"wordCount":182,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1","keywords":["DEBT WATCH","EnterpriseClimate","Green sukuk","UAE"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/","name":"Emirates Islamic nabs over USD 2.1 bn in orders for debut green sukuk - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1","datePublished":"2024-05-23T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/05\/23\/emirates-islamic-nabs-over-usd-2-1-bn-in-orders-for-debut-green-sukuk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Emirates Islamic nabs over USD 2.1 bn in orders for debut 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\/1825.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1825.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\/1825.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-lX9","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84391","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=84391"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/84391\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/84379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/84392"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=84391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=84391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=84391"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=84391"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}