{"id":84725,"date":"2024-06-06T00:00:00","date_gmt":"2024-06-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/06\/06\/emirates-islamic-lists-debut-sustainability-linked-usd-750-mn-sukuk-lists-on-nasdaq\/"},"modified":"2024-06-06T00:00:00","modified_gmt":"2024-06-06T00:00:00","slug":"emirates-islamic-lists-debut-sustainability-linked-usd-750-mn-sukuk-lists-on-nasdaq","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/06\/06\/emirates-islamic-lists-debut-sustainability-linked-usd-750-mn-sukuk-lists-on-nasdaq\/","title":{"rendered":"Emirates Islamic lists debut sustainability-linked USD 750 mn sukuk lists on Nasdaq"},"content":{"rendered":"

Emirates Islamic listed its debut USD 750 mn five-year senior sustainabilit<\/strong>y sukuk <\/strong>on Nasdaq yesterday<\/strong>, bringing its total sukuk listings on the exchange to USD 2.02 bn across four listings, according to a statement<\/a>. The issuance is part of a broader USD 2.5 bn certificate issuance program.<\/p>\n

ICYMI-<\/strong> The lender raised USD 750 mn from its debut sustainability-linked sukuk last month<\/a>, with over USD 2.1 bn in orders. The order book was 2.8x oversubscribed, allowing Emirates Islamic 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 lender narrowed the price guidance for the five-year sustainability sukuk to 100 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 tapped as joint lead managers and joint bookrunners for the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The lender now has a total of four sukuk listings on the 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Islamic lists debut sustainability-linked USD 750 mn sukuk lists on Nasdaq","related_issue":[84720],"teaser":"The lender now has a total of four sukuk listings on the exchange","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6428f38b-5bbd-4d66-8800-fe617011ac58.mp3"},"yoast_head":"\nEmirates Islamic lists debut sustainability-linked USD 750 mn sukuk lists on Nasdaq - 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\/06\/06\/emirates-islamic-lists-debut-sustainability-linked-usd-750-mn-sukuk-lists-on-nasdaq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emirates Islamic lists debut sustainability-linked USD 750 mn sukuk lists on Nasdaq\" \/>\n<meta property=\"og:description\" content=\"The lender now 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