Aldar secures largest sustainability loan for a Mena developer, less than one week after hybrid issuance
The facility has a five-year tenor and was arranged at a “historically tight credit spread” for Aldar
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The facility has a five-year tenor and was arranged at a “historically tight credit spread” for Aldar
Aldar secured the tightest spread for a corporate hybrid issuance in CEEMEA
The remaining 20% is expected to be obtained in 2027
Emirates NBD’s issuance is set to be listed on the Taipei Exchange
The instrument was rated Baa3 by Moody’s
The bonds will be converted into shares at a fixed price of AED 0.32 per share
The country can expect USD 153.2 bn in bond maturities between 2025 and 2029
PLUS: Shuaa Capital restructures AED 208 mn in facilities with senior creditor
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