Aldar investment's $500m Sukuk attracts strong investor demand.

Aldar Investment Properties, a 100 percent owned subsidiary of Aldar Properties, has announced the successful placement of fixed rate US dollar-denominated sukuk with a tenor of 10 years for a nominal amount of $500 million.

The sukuk carries a coupon rate of 3.875 percent, the lowest rate ever achieved by Aldar, following strong investor demand. The transaction, which marked the first 10-year public Sukuk offering by an Abu Dhabi-based issuer, was over six times oversubscribed, with global investors accounting for 71 percent of the total transaction allocation. Aldar Investments owns and manages a Dh20 billion diversified portfolio of high-quality income-generating...

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