IslamicFinance.de

Abu Dhabi-based Aldar Investment Properties issued a fixed rate US dollar-denominated sukuk with a tenor of 10 years for a nominal amount of US $500 million. The sukuk carries a coupon rate of 3.875%, following strong investor demand. The transaction, which marked the first 10-year public Sukuk offering by an Abu Dhabi-based issuer, was over 6 times oversubscribed. Aldar Investments owns and manages a AED 20 billion diversified portfolio of high-quality income-generating residential, retail, commercial and hospitality assets. Aldar Investments owns and manages a AED 20 billion diversified portfolio of high-quality income-generating residential, retail, commercial and hospitality assets.