Aldar Properties launches USD 500 mn green sukuk
The issuance attracted USD 1.9 bn in orders
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The issuance attracted USD 1.9 bn in orders
CEO Faisal Falaknaz had mentioned plans for a USD 500 mn green sukuk issuance two months ago
The bonds were 4.4x oversubscribed, with orders surpassing USD 11 bn
The news follows the company’s USD 150 mn bond restructuring in April
The transaction helped secure more favorable terms for both companies’ debts
The USD-denominated issuance would help fund future acquisitions
The issuance was 4x oversubscribed
Abu Dhabi holds a AA rating or equivalent from all three major ratings agencies
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