{"id":97288,"date":"2024-10-29T00:00:00","date_gmt":"2024-10-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-gears-up-for-an-aed-denominated-sukuk-issuance\/"},"modified":"2024-10-29T00:00:00","modified_gmt":"2024-10-29T00:00:00","slug":"mubadala-gears-up-for-an-aed-denominated-sukuk-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/29\/mubadala-gears-up-for-an-aed-denominated-sukuk-issuance\/","title":{"rendered":"Mubadala gears up for an AED-denominated sukuk issuance"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala\u2019s Mamoura Diversified Global Holding (MDGH) is gearing up for a <\/strong><strong>five-year AED-denominated sukuk issuance<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.brecorder.com\/news\/40329365\/abu-dhabis-mubadala-picks-banks-for-debut-5-year-sukuk-sale\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a document from an arranging bank. Though the exact value of the offering remains undisclosed, the sukuk will be benchmark-sized \u2014 meaning it will be sized at a minimum of USD 500 mn. The sukuk will be issued via Mamoura\u2019s subsidiary, MDGH Sukuk, under its trust certificate issuance program. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investor meetings organized by banks were held yesterday in Dubai<\/strong> to prepare for the issuance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Mubadala's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9878a2b6-af70-40ec-a158-2858d58de8eb\/mubadala-debuts-maiden-usd-1-bn%253cmark%253e-sukuk%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">first Sharia-compliant issuance<\/a> via MDGH was a USD 1 bn, 10-year sukuk priced at 70 basis points over US Treasuries, attracting USD 7 bn in orders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, ICBC, JP Morgan, and Standard Chartered Bank are serving as joint lead managers and bookrunners.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The certificates will be issued by Mubadala\u2019s subsidiary Mamoura<\/p>\n","protected":false},"author":1,"featured_media":97289,"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":[68,7,1343,66],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-uae","tag-mubadala","tag-sukuk","wpautop","entry"],"acf":{"mongo_id":"04f72823-8057-4643-ab5c-c2c524f5e42a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1557.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala gears up for an AED-denominated sukuk issuance","related_issue":[97281],"teaser":"The certificates will be issued by Mubadala\u2019s subsidiary Mamoura","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.3a8dcf36-73ae-45d9-aa01-5a857e7f147f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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