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Aldar Properties starts selling 10-year green sukuk, document says

Abu Dhabi’s largest real estate developer Aldar Properties has started selling 10-year green Islamic bonds, or sukuk, according to an arranging bank document seen by Reuters on Wednesday.

The initial price guidance for the sustainable debt issuance has been set at 140 basis points over U.S. Treasuries, the document said.

The developer will raise $500 million from sale of U.S. dollar denominated 10-year green unsecured sukuk to be issued under Aldar Investment Properties’ $2 billion trust certificates programme, the document added.

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/aldar-properties-starts-selling-10-year-green-sukuk-document-says-wby47opp

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