Issuer: Aldar Investment Properties Sukuk Limited
Obligor: Aldar Investment Properties
Size: $500 million
Structure: Sukuk al-wakala/murabaha
Tenor: 10 years
Banks: HSBC and Standard Chartered (joint global coordinators and green structurers); Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank and Mashreq Bank (joint lead managers and joint bookrunners)
Date: May 2023
Amid growing issuance of green sukuk across the Middle East, there are certain transactions that stand out. Last year, one such deal was the debut in the format from the UAE real-estate developer Aldar Investment Properties.
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