Ezdan’s $500m debut #Sukuk a huge hit
Ezdan Holding Group has priced its inaugural Sukuk transaction in the debt capital markets with a $500m 5-year Sukuk issue. The transaction attracted an order-book up to $837m, with 71 investors participating. Investors from the Middle East took 68% of the issuance, with European investors subscribing for 21% and Asian investors taking 11%. Group CEO Ali Mohammed Al Obaidli said the investors’ strong interest resulted in the order book reaching to $837 mn, around 1.67 times of the offer amount.
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