{"id":102939,"date":"2025-04-24T00:00:00","date_gmt":"2025-04-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/more-signs-of-investor-bullishness-on-the-uae-as-ajman-bank-secures-over-usd-2-7-bn-in-orders-for-sukuk\/"},"modified":"2025-04-24T00:00:00","modified_gmt":"2025-04-24T00:00:00","slug":"more-signs-of-investor-bullishness-on-the-uae-as-ajman-bank-secures-over-usd-2-7-bn-in-orders-for-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/24\/more-signs-of-investor-bullishness-on-the-uae-as-ajman-bank-secures-over-usd-2-7-bn-in-orders-for-sukuk\/","title":{"rendered":"More signs of investor bullishness on the UAE as Ajman Bank secures over USD 2.7 bn in orders for sukuk"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Ajman Bank priced a USD 500 mn senior unsecured sukuk, attracting orders <\/strong><strong>exceeding USD 2.7 bn<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/banking-and-insurance\/ajman-bank-launches-500mln-sukuk-at-t130-bps-books-over-26bln-ebse4w23\" style=\"\" rel=\"noopener\">press release<\/a>. The issuance carries a profit rate of 5.125% and a spread of 130 basis points over five-year US Treasuries, tightened from initial price thoughts of 165 bps. The sukuk was launched just one day after the bank mandated its syndicate of arrangers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance falls under the lender\u2019s USD 1.5 bn Trust Certificate Issuance Program <\/strong><strong>and matures in 2030<\/strong>, according to a separate <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/economy\/islamic-economy\/ipts-out-for-ajman-banks-500mln-sukuk-qzy6eclo\" style=\"\" rel=\"noopener\">press release<\/a>. It will be listed on Nasdaq Dubai and the London Stock Exchange.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance makes Ajman Bank the second Emirati lender to test investor appetit<\/strong><strong>e since tariff-driven volatility rattled global markets<\/strong> earlier this month. Our friends at Mashreq were the first, recently closing a USD 500 mn sukuk sale, booking <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/ba45253c-dbac-46cd-a162-ab7e80161261\/%253cmark%253emashreq%253c%2Fmark%253e%25e2%2580%2599s-usd-500-mn-sukuk-is-its-most-heavily-subscribed-yet\" style=\"\" rel=\"noopener\">USD 2.9 bn<\/a> in orders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The UAE has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/b6e54a64-e2e0-4b93-89c6-57457f47ecce\/uae-assets,-including-sukuk,-are-becoming-an-investor-favorite-amid-global-headwinds\" style=\"\" rel=\"noopener\">emerged as the world\u2019s top-performing sukuk market<\/a> since Trump\u2019s return to the White House, outpacing even the US, as investors look towards EMs with strong fundamentals for tariff-safe assets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Our friends at Mashreq, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, KFH Capital, QNB Capital, Sharjah Islamic Bank, Warba Bank, and Citi acted as joint lead managers and bookrunners. Meanwhile, Emirates NBD Capital, Standard Chartered Bank, First Abu Dhabi Bank, and JP Morgan acted as joint global coordinators. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> OTHER DEBT NEWS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharjah Bank approved the issuance of additional Tier 1 capital securities worth up<\/strong><strong> to USD 1 bn<\/strong>, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1572.pdf\" style=\"\" rel=\"noopener\">ADX disclosure (pdf)<\/a>. The bank\u2019s board will determine the issuance date at a later stage, with the issuance to be completed within one year, subject to regulatory approvals. The bank also approved the renewal of its EUR 2.5 bn Euro Medium Term Note (EMTN) program, with plans to issue bonds under the program within one year, pending necessary approvals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bank locked in a profit rate of 5.125%, with a credit spread of US Treasuries plus 130 bps<\/p>\n","protected":false},"author":1,"featured_media":102940,"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":[44,68,7,242,66],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-ajman-bank","tag-debt-watch","tag-enterpriseam-uae","tag-nasdaq-dubai","tag-sukuk","wpautop","entry"],"acf":{"mongo_id":"62e280a1-b726-4791-a176-d9ed8323a04b","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1798.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ajman Bank launches USD 500 mn unsecured sukuk, with over USD 2.7 bn in orders","related_issue":[102934],"teaser":"The bank locked in a profit rate of 5.125%, with a credit spread of US Treasuries plus 130 bps","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.e508a2d6-75ff-4cb3-b5fe-4b25ff4e49f1.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More signs of investor bullishness on the UAE as Ajman Bank secures over USD 2.7 bn in orders for sukuk - 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\/04\/24\/more-signs-of-investor-bullishness-on-the-uae-as-ajman-bank-secures-over-usd-2-7-bn-in-orders-for-sukuk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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