UAE: Aldar Investment Properties raised US$500 million through a 10-year green Sukuk, that was oversubscribed 7.2 times, as part of its Green Finance Framework to refinance sustainability-accredited real estate within the portfolio of this Aldar Properties subsidiary. Proceeds of the issuance, Aldar’s third under its US$2 billion Trust Certificate Issuance Program, will go toward early redemption of a Sukuk maturing in September 2025 and the repayment of outstanding bank debt.
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