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EIB taps banks for a fresh sukuk issuance
The banks will market the sukuk to investors, determining its pricing, and carry out underwriting
Aldar’s USD 500 mn green sukuk was 7.2x oversubscribed
ALSO- Al Ansari Financial Services has amended the terms of a proposed shareholder loan
Aldar launches USD 500 mn green sukuk, with over USD 2 bn in orders
Initial price thoughts for the issuance are in the US Treasuries +140 bps area
Ras Al Khaimah issues USD 1 bn sukuk, which was 4.4x oversubscribed
The Reg S benchmark sukuk comes as part of the RAK Government’s USD 2 bn Trust Certificate Issuance program
RAK attracts over USD 2 bn in orders for 10-year sukuk
Total sukuk issuance volume from UAE-based issuers reached USD 14.4 bn in 2024
THIS MORNING: Etihad to push back its IPO to after Eid al Fitr + Real GDP grew 3.8% in 9M 2024
Plus: Emirates invests nearly USD 5 bn into retrofit program amid persistent aircraft delays
The UAE led the region in terms of volume of sukuk and bond issuances in 2024 -Markaz
The UAE’s issuances were up 28.1% y-o-y
Ras Al Khaimah plans 10-year Reg S USD-denominated benchmark sukuk
A USD-denominated Reg S issuance is a subordinated USD-based financial instrument offered to non-US investors
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