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Listed
Sukuk
Wakalah
Emaar Properties USD 500m Sukuk 2029
Emaar Properties · United Arab Emirates
Sukuk from the developer of Downtown Dubai and the Burj Khalifa.
Key terms
- Issuer profile
- Emaar Properties
- ISIN
- XS2306036989
- Structure
- Wakalah
- Issue size
- $500M
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- Nasdaq Dubai
- Governing law
- English law
Pricing
- Profit rate
- 5.15% (fixed)
- Indicative price
- 99.00
- Yield to maturity
- 5.516%
- Spread
- 132 bps
- Ratings
- Baa2 / BBB
Key dates
- Issue date
- 18 Jul 2024
- Maturity date
- 18 Jul 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Dar Al Sharia
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah portfolio of leasehold assets
- Use of proceeds
- General corporate purposes