{"id":101970,"date":"2025-03-24T00:00:00","date_gmt":"2025-03-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/eib-closes-usd-750-mn-sukuk-issuance\/"},"modified":"2025-03-24T00:00:00","modified_gmt":"2025-03-24T00:00:00","slug":"eib-closes-usd-750-mn-sukuk-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/","title":{"rendered":"EIB closes USD 750 mn sukuk issuance"},"content":{"rendered":"

EIB closes first FCY sukuk sale of the year: <\/strong>Emirates Islamic Bank (EIB) raised USD 750 mn through a Regulation s-compliant sukuk, which was 2.1x oversubscribed, it said in a press release<\/a>. The issuance falls under the lender\u2019s USD 4 bn<\/a> certificate issuance program, and marks its first on the international debt market this year. The sukuk will be listed on Nasdaq Dubai and Euronext.<\/p>\n

The details:<\/strong> EIB priced the five-year senior unsecured notes at an annual coupon of 5.059%, a 95 bps premium over 5-year US Treasuries \u2014 a tightening of 30 basis points from initial price thoughts on the back of strong investor demand. <\/p>\n

Who bought in: <\/strong>The sukuk drew interest from over 100 accounts, with 80% allocated to regional investors and the remaining 20% to international buyers. The order book included a notable number of first-time participants, according to the release. <\/p>\n

Not its first USD-dominated sukuk: <\/strong>EIB hit the global borrowing market in May of last year<\/a>, with a five-year USD sustainability-linked sukuk, raising USD 750 mn as part of its USD 2.5 bn certificate program. <\/p>\n

ADVISORS- <\/strong>Our friends at Mashreq and HSBC were joint lead managers and joint bookrunners on the transaction, along with Dubai Islamic Bank, Emirates NBD Capital, Sharjah Islamic Bank, and Standard Chartered. <\/p>\n","protected":false},"excerpt":{"rendered":"

EIB priced the five-year senior unsecured notes at a yield of 5.059%<\/p>\n","protected":false},"author":1,"featured_media":101971,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[68,7,482],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-uae","tag-islamic-finance","wpautop","entry"],"acf":{"mongo_id":"e5e671b8-0b12-4d32-9003-db0a1a5dac96","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1847.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EIB closes USD 750 mn sukuk issuance","related_issue":[101960],"teaser":"EIB priced the five-year senior unsecured notes at a yield of 5.059%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.a0792b01-de7d-448c-8242-69732721f9e4.mp3"},"yoast_head":"\nEIB closes USD 750 mn sukuk issuance - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIB closes USD 750 mn sukuk issuance\" \/>\n<meta property=\"og:description\" content=\"EIB priced the five-year senior unsecured notes at a yield of 5.059%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1847.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EIB closes USD 750 mn sukuk issuance\",\"datePublished\":\"2025-03-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/\"},\"wordCount\":206,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1847.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseAM UAE\",\"Islamic finance\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/24\/eib-closes-usd-750-mn-sukuk-issuance\/\",\"name\":\"EIB closes USD 750 mn sukuk issuance - 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