{"id":13749,"date":"2019-10-11T12:36:26","date_gmt":"2019-10-11T12:36:26","guid":{"rendered":"https:\/\/onplan.ae\/aldars-arm-to-start-roadshow-for-usd-sukuk-issue\/"},"modified":"2019-10-11T12:36:26","modified_gmt":"2019-10-11T12:36:26","slug":"aldars-arm-to-start-roadshow-for-usd-sukuk-issue","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/aldars-arm-to-start-roadshow-for-usd-sukuk-issue\/","title":{"rendered":"Aldar\u2019s arm to start roadshow for USD sukuk issue"},"content":{"rendered":"<div>\n<p><strong>Abu Dhabi &#8211; Mubasher:<\/strong> Abu Dhabi-based <a href=\"https:\/\/english.mubasher.info\/markets\/ADX\/stocks\/ALDAR\">Aldar Properties<\/a> on Wednesday announced that its wholly-owned subsidiary Aldar Investment Properties LLC will start a series of fixed income investor meetings in Europe, Asia, and the Middle East as of 10 October 2019.<\/p>\n<p>These meetings will be held to promote a fixed rate US dollar-denominated sukuk issuance with a tenor of 10 years, according to a press release.<\/p>\n<p>\u201cThe outcome of the issue is subject to market conditions and further announcements in this regard will follow in due course,\u201d Aldar Properties said.<\/p>\n<p>Subject to market response, the offer is set to be priced on 15 October 2019, the leading property development, investment, and management company highlighted.<\/p>\n<p>Aldar has appointed Dubai Islamic Bank (DIB), First Abu Dhabi Bank (FAB), HSBC, and Standard Chartered Bank as joint global coordinators and joint lead managers.<\/p>\n<p>The company has also mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Emirates NBD Capital, and Sharjah Islamic Bank as joint lead managers.<\/p>\n<p>It is worth noting that Aldar Investments is rated \u2018Baa1\u2019 by Moody\u2019s.<\/p>\n<p>On 8 October, Reuters reported that Aldar Investment Properties <a href=\"https:\/\/english.mubasher.info\/news\/3541065\/Aldar-Properties-arm-appoints-banks-for-US-dollar-sukuk-issue\">had hired <\/a>a group of banks to arrange investor meetings ahead of a planned US dollar-denominated sukuk or Islamic bonds.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p><strong>Abu Dhabi &#8211; Mubasher:<\/strong> Abu Dhabi-based <a href=\"https:\/\/english.mubasher.info\/markets\/ADX\/stocks\/ALDAR\">Aldar Properties<\/a> on Wednesday announced that its wholly-owned subsidiary Aldar Investment Properties LLC will start a series of fixed income investor meetings in Europe, Asia, and the Middle East as of 10 October 2019.<\/p>\n<p>These meetings will be held to promote a fixed rate US dollar-denominated sukuk issuance with a tenor of 10 years, according to a press release.<\/p>\n<p>\u201cThe outcome of the issue is subject to market conditions and further announcements in this regard will follow in due course,\u201d Aldar Properties said.<\/p>\n<p>Subject to market response, the offer is set to be priced on 15 October 2019, the leading property development, investment, and management company highlighted.<\/p>\n<p>Aldar has appointed Dubai Islamic Bank (DIB), First Abu Dhabi Bank (FAB), HSBC, and Standard Chartered Bank as joint global coordinators and joint lead managers.<\/p>\n<p>The company has also mandated Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Emirates NBD Capital, and Sharjah Islamic Bank as joint lead managers.<\/p>\n<p>It is worth noting that Aldar Investments is rated \u2018Baa1\u2019 by Moody\u2019s.<\/p>\n<p>On 8 October, Reuters reported that Aldar Investment Properties <a href=\"https:\/\/english.mubasher.info\/news\/3541065\/Aldar-Properties-arm-appoints-banks-for-US-dollar-sukuk-issue\">had hired <\/a>a group of banks to arrange investor meetings ahead of a planned US dollar-denominated sukuk or Islamic bonds.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":13750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[953],"tags":[],"class_list":["post-13749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-investments"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/13749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=13749"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/13749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/13750"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=13749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=13749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=13749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}