Aldar Investment Properties, an extremely famous subsidiary\nof Aldar Properties, has announced the successful subscription of $500 million\nUD denominated sukuk for US $500 million.<\/p>\n\n\n\n
The sukuk carries a coupon rate of 3.875 per cent, the\nlowest rate ever achieved by Aldar, especially after strong investor demand.\nThe deal, which marked the first 10 years of a public sukuk offered by Masdar\nin Abu Dhabi, was more than six times oversubscribed, with global investors\naccounting for 71 per cent of all transactions. Aldar owns and manages a\ndiversified portfolio of AED 20 billion of high-quality residential, retail,\ncommercial and hospitality assets.<\/p>\n\n\n\n
\u201cThe success of the transaction represents a strong\nendorsement by the global investment community of the Abu Dhabi economy and of\nAldar’s leading position in the regional real estate sector,\u201d said Talal Al\nDebi, Chief Executive Officer of Aldar. Aldar is, witout a doubt, one of the\nmost efficient platforms for real estate ownership in the region.<\/p>\n\n\n\n
The net proceeds of this offer will be used to refinance\nexisting debt. The issuance contributes to the optimal diversification of\nAldar’s investment base and the extension of the total duration of the\nCompany’s obligations. Aldar Investments is rated by Moody’s ass Baa1, the\nhighest non-governmental credit rating in the region reflecting its market\nleading position in Abu Dhabi, stable recurring revenue, high quality of\ndiversified assets and high occupancy.<\/p>\n\n\n\n
Aldar has assigned Dubai Islamic Bank, First Abu Dhabi Bank,\nHSBC and Standard Chartered Bank as joint global coordinators and joint\nexecutives, as well as Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank,\nEmirates Dubai International Bank and Sharjah Islamic Bank as joint managers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aldar Investment Properties, an extremely famous subsidiary of Aldar Properties, has announced the successful subscription of $500 million UD denominated sukuk for US $500 million. The sukuk carries a coupon rate of 3.875 per cent, […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[63,2],"tags":[140,93,90,74,66,79,50,77,20,36,34,114,127,11,48,24,78,38,33,131,44,43,95,14,22,10,58,57,70,47,86,31,18,80,119,23,46,109,39,125,81,85,106,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1390"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1390"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1390\/revisions"}],"predecessor-version":[{"id":1392,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1390\/revisions\/1392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1391"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}