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Listed
Sukuk
Wakalah
Green / ESG

Tabreed USD 700m Green Sukuk 2030

Tabreed · United Arab Emirates

Tabreed's inaugural green sukuk, 2.6x oversubscribed, the first drawdown under its USD 1.5bn trust certificate programme.

Key terms

Issuer profile
Tabreed
ISIN
XS2760043519
Structure
Wakalah
Issue size
$700M
Ccy
USD
Minimum investment
$200,000
Payment frequency
semi-annual
Listing venue
London Stock Exchange ISM
Governing law
English law

Pricing

Profit rate
5.279% (fixed)
Indicative price
100.30
Yield to maturity
5.183%
Spread
95 bps
Ratings
Baa2 / BBB

Key dates

Issue date
5 Mar 2025
Maturity date
5 Mar 2030
Tenor
5 years

Shariah information

Shariah advisor
Internal Shariah Supervisory Committee
AAOIFI aligned
✓
Underlying asset
District cooling plants and related assets
Use of proceeds
Financing and refinancing of eligible district cooling and energy efficiency projects