Oversubscribed 3.6x, the ultra-luxury developer’s first Islamic issuance signals growing investor appetite for sustainable real estate financing
Green sukuk
Latest in Green sukuk
Abu Dhabi
Aldar Investment Properties’ $500mn Green Sukuk oversubscribed 7.2 times
Priced at a spread of 110bps over the 10-year US Treasury yield, the proceeds will be used to refinance sustainability accredited real estate
Bahrain
Bahrain’s Infracorp lists $900 million green sukuk on the London Stock Exchange
Green sukuks have grown by more than 17 percent year-on-year in 2021 to $15 billion, and are expected to remain a key theme of the Islamic finance market in 2022
energy transition
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ESG investing
Etihad Airways raises $1.2bn in landmark sustainability loan
Sustainability-linked loan represents the largest sustainable financing in the Abu Dhabi-based carrier’s history
Abdulla Mohammed Al Awar
Dubai signs key deal to grow green sukuk sector
Dubai Islamic Economy Development Centre announces agreement with the Dubai International Financial Centre, the Dubai Financial Market and Climate Bonds Initiative
Bahrain bonds
GCC bond, sukuk issuance surges by $32bn in Q1
National Bank of Kuwait report says outstanding debt in the region has been lifted to $478bn
Dubai
Indonesia lists $2bn green sukuk on Nasdaq Dubai
Capital raised by the sukuk is intended for projects including sustainable development initiatives, says Indonesian Government