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Listed
Sukuk
Wakalah
Green / ESG
Majid Al Futtaim USD 500m Green Sukuk 2029
Majid Al Futtaim · United Arab Emirates
The region's pioneering corporate green sukuk, refinancing certified green buildings.
Key terms
- Issuer profile
- Majid Al Futtaim
- ISIN
- XS2010026329
- 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
- 4.95% (fixed)
- Indicative price
- 99.04
- Yield to maturity
- 5.366%
- Spread
- 118 bps
- Ratings
- Baa1 / BBB
Key dates
- Issue date
- 7 May 2024
- Maturity date
- 7 May 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Dar Al Sharia
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah portfolio of shopping malls and hotels
- Use of proceeds
- Green buildings, renewable energy and sustainable water management