{"id":107344,"date":"2025-09-10T00:00:00","date_gmt":"2025-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/sobha-realty-raises-usd-750-mn-debut-green-sukuk\/"},"modified":"2025-09-10T00:00:00","modified_gmt":"2025-09-10T00:00:00","slug":"sobha-realty-raises-usd-750-mn-debut-green-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/10\/sobha-realty-raises-usd-750-mn-debut-green-sukuk\/","title":{"rendered":"Sobha Realty raises USD 750 mn debut green sukuk"},"content":{"rendered":"

Sobha Realty raises USD 750 mn in debut green sukuk:<\/strong> Dubai-based developer Sobha Realty issued its debut green sukuk, raising USD 750 mn from the five-year notes \u2014 the largest such issuance by a real estate company globally, according to a statement (pdf)<\/a>. The notes, due in 2030, will list on Nasdaq Dubai and the London Stock Exchange, carrying a 7.125% coupon and an effective yield of 7.375%.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

REMEMBER- <\/strong>Sobha had been on the road last week<\/a> marketing the maiden benchmark-sized green sukuk. <\/p>\n

Investor demand: <\/strong>The issuance drew USD 2.1 bn in orders \u2014 making the offering 2.8x oversubscribed \u2014 tightening pricing by 50 bps from initial guidance. Some 56% of allocations went to regional investors, with the remainder going to international investors.<\/p>\n

Use of proceeds:<\/strong> Net proceeds will finance or refinance eligible green projects under Sobha\u2019s green financing framework, which carries a second-party opinion from DNV.<\/p>\n

This is Sobha\u2019s second capital markets outing this year:<\/strong> In May<\/a>, the developer \u2014 rated Ba2 by Moody\u2019s and BB by S&P, both with stable outlooks \u2014 sold USD 500 mn in a sukuk issuance that was 3x oversubscribed as part of its USD 1.5 bn trust certificate program.<\/p>\n

ADVISORS- <\/strong>Our friends at Mashreq, along with Dubai Islamic Bank, Emirates NBD Capital, JPMorgan, and Standard Chartered acted as joint global coordinators. They were joined by Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Ajman Bank, Arab Banking Corporation, Arqaam Capital, Deutsche Bank, First Abu Dhabi Bank, RakBank, Sharjah Bank and Warm Bank as joint lead managers. Deutsche Bank and Emirates NBD Capital were joint ESG structuring coordinators. Clifford Chance and Dentons provided counsel, with Grant Thornton as auditor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orders reached USD 2.1 bn, 2.8x the offering size<\/p>\n","protected":false},"author":1,"featured_media":107345,"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":[1391,68,7,213,1056,66,339],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-uae","tag-green-sukuk","tag-sobha-realty","tag-sukuk","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"1fa0be06-365c-49bc-a3ee-cf625134f49e","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1509.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sobha Realty raises USD 750 mn debut green sukuk, the largest by a real estate firm","related_issue":[107334],"teaser":"Orders reached USD 2.1 bn, 2.8x the offering size","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.242fdf86-dc8f-45ac-a53d-cef3fee5e1a3.mp3"},"yoast_head":"\nSobha Realty raises USD 750 mn debut green sukuk - 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