UAE property developer Aldar lists benchmark sukuk on Abu Dhabi, Irish exchanges
The investment arm of Abu Dhabi-based property developer Aldar has listed its latest sukuk on the Abu Dhabi Securities Exchange and the Euronext Dublin.
The $500 million sukuk issued in October is fixed-rate with a tenor of 10 years, carrying a coupon rate of 3.875%, Aldar Investments said in an exchange filing on Thursday (November 7).
Aldar Investments owns and manages a 20 billion dirhams ($5.45 billion) diversified portfolio of residential, retail, commercial and hospitality assets.
In 2018 the company’s 7-year $500 million sukuk was the first corporate sukuk to trade on on the ADX. It was also listed on the Eruonext Dublin.
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