Regional investors accounted for 56 per cent of allocations and international investors 44 per cent
The proceeds will be used in line with Aldar’s Green Finance Framework to refinance sustainability-accredited real estate within AIP’s portfolio
The 10-year issuance marks Aldar’s second green sukuk, following its inaugural $500m sukuk issued in May last year
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
Proceeds of the sukuk will be used in accordance with Aldar’s Green Finance Framework to finance green initiatives and acquisitions
The airline has committed to net zero carbon emissions by 2050 and a 50 per cent reduction in net emissions by 2035
The listings consist of a 10-year issuance of $1bn and two issuances of $750m each