Tabreed is set to issue USD 1.2 bn green bonds next year
The money will be used to pay back a USD 700 mn loan set to mature in 2025
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The money will be used to pay back a USD 700 mn loan set to mature in 2025
The company fully settled AED 500 mn in margin facilities with multiple UAE banks earlier this month
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 move benefits retail investors seeking access to sukuk markets with smaller investments
The USD-denominated issuance would help fund future acquisitions
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