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Listed
Sukuk
Ijarah
Green / ESG
Aldar Properties USD 500m Green Sukuk 2029
Aldar Properties · United Arab Emirates
Green sukuk funding Aldar's sustainable real estate portfolio in Abu Dhabi.
Key terms
- Issuer profile
- Aldar Properties
- ISIN
- XS2519851122
- Structure
- Ijarah
- Issue size
- $500M
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- London Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 4.88% (fixed)
- Indicative price
- 98.97
- Yield to maturity
- 5.254%
- Spread
- 105 bps
- Ratings
- Baa2 / BBB
Key dates
- Issue date
- 10 Sep 2024
- Maturity date
- 10 Sep 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Dar Al Sharia
- AAOIFI aligned
- ✓
- Underlying asset
- Portfolio of investment properties in Abu Dhabi
- Use of proceeds
- Green buildings, energy efficiency and sustainable water management