UAE's Aldar to issue 10-yr $500 mln green sukuk Weds-document

 

Uae

The company held investor calls on Tuesday ahead of a potential issue, the proceeds of which will be used to finance or invest in eligible projects under its Green Framework.

Initial price guidance for the sukuk was given at 185 basis points (bps) over US Treasuries, the document said, and pricing is expected later on Wednesday.

HSBC and Standard Chartered Bank have been mandated as joint global coordinators, along with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank and Mashreq as joint lead managers and joint bookrunners


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