{"id":93982,"date":"2024-07-18T00:00:00","date_gmt":"2024-07-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/binghatti-lists-usd-200-mn-sukuk-on-nasdaq-dubai\/"},"modified":"2024-07-18T00:00:00","modified_gmt":"2024-07-18T00:00:00","slug":"binghatti-lists-usd-200-mn-sukuk-on-nasdaq-dubai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/07\/18\/binghatti-lists-usd-200-mn-sukuk-on-nasdaq-dubai\/","title":{"rendered":"Binghatti lists USD 200 mn sukuk on Nasdaq Dubai"},"content":{"rendered":"

Binghatti\u2019s sukuk went live on Nasdaq Dubai: <\/strong>Real estate developer Binghatti listed a USD 200 mn sukuk tap issuance, linked to its inaugural USD 300 mn<\/a> issuance in February, on Nasdaq Dubai, according to a Nasdaq notice<\/a> yesterday. The tap issuance brings the value of the sukuk to USD 500 mn.<\/p>\n

About the issuance: <\/strong>The tap issuance saw strong demand from both regional and international investors, and was oversubscribed 4.2x, <\/span>Construction Week<\/a> reports. Price on the issuance was narrowed by 20 bps from the initial price guidance on the back of strong investor appetite.<\/span><\/p>\n

Some 40% of the order book was covered by international investors<\/strong>, Construction Week said. <\/p>\n

Refresher: <\/strong>Binghatti said it intends to use the funds raised from its inaugural sukuk issuance to finance land purchases and to restructure its current debt.<\/p>\n

OTHER DEBT NEWS-<\/p>\n

Sharjah\u2019s green bond issuance is live: <\/strong>The Sharjah government\u2019s EUR 500 mn,<\/a>6.5-year sustainability bonds<\/a> \u2014 which drew some EUR 1.5 bn in orders<\/a> as of last Thursday morning \u2014 were admitted to trading yesterday, according to a notice<\/a> on the Dubai bourse. The emirate plans to use the proceeds to finance and refinance \u201celigible expenditures\u201d under its Sovereign Sustainable Financing Framework.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binghatti\u2019s sukuk went live on Nasdaq Dubai: Real estate developer Binghatti listed a USD 200 mn sukuk tap issuance, linked to its inaugural USD 300 mn issuance in February, on Nasdaq Dubai, according to a Nasdaq notice yesterday. The tap issuance brings the value of the sukuk to USD 500 mn. About the issuance: The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[920,68,7,242,66],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93982","post","type-post","status-publish","format-standard","hentry","category-debt-watch","tag-binghatti","tag-debt-watch","tag-enterpriseam-uae","tag-nasdaq-dubai","tag-sukuk","wpautop","entry"],"acf":{"mongo_id":"35bca3f1-ca5f-40a6-a710-553f8ce7b935","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2537.jpgbr!_StoryDek_!%20The%20issuance%20was%204.2x%20oversubscribed","photo_position":"above","homepage_title":"","full_issue_title":"Binghatti lists USD 200 mn sukuk on Nasdaq Dubai","related_issue":[93966],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.1c0bf8a1-d536-4cb3-8db2-36efb583fdd5.mp3"},"yoast_head":"\nBinghatti lists USD 200 mn sukuk on Nasdaq Dubai - 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\/2024\/07\/18\/binghatti-lists-usd-200-mn-sukuk-on-nasdaq-dubai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binghatti lists USD 200 mn sukuk on Nasdaq Dubai\" \/>\n<meta property=\"og:description\" content=\"Binghatti\u2019s sukuk went live on Nasdaq Dubai: Real estate developer Binghatti listed a USD 200 mn sukuk tap issuance, linked to its inaugural USD 300 mn issuance in February, on Nasdaq Dubai, according to a Nasdaq notice yesterday. 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