Binghatti launches debut sukuk + DIB kicks off five-year sustainable sukuk issuance
The sukuk received USD 621 mn in orders
Available in your choice of English or Arabic
The sukuk received USD 621 mn in orders
The funds will be used for land acquisition and debt restructuring
The issuance was 2.5x oversubscribed, leading the bank to trim the yield
The UAE issued some AED 7.7 bn in debt in 2023
Sukuk issuances surged by 115% in 2023
Global sukuk issuances to surge in 2024
The Shariah-compliant bonds are the first globally in 2024 and mark the region’s first non-sovereign issuance for the year
The final spread was reduced from the guidance of 100 bps set earlier in the day
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