Sobha Realty makes history with $750M green sukuk
The largest green sukuk by a developer, setting a new global benchmark.
$2.1B investor demand oversubscribes sukuk by 2.8 times
Global investors showed strong confidence, tightening pricing by 50 basis points.
Sukuk listed on Nasdaq Dubai and London Stock Exchange
Strengthening Dubai’s role as a hub for sustainable Islamic finance worldwide.
Five-year sukuk priced at 7.125% annual profit rate
Investors gain high-yield exposure with an effective yield of 7.375%.
56% allocation to regional buyers, 44% international
Strong global participation highlights growing appetite for green finance.
Proceeds fund projects in Sobha Green Financing Framework
Financing sustainable communities with energy-efficient, eco-certified buildings.
Ratings outlook stable with BB from S&P and Ba2 Moody’s
Reflecting confidence in issuer strength despite global market volatility.
ESG structuring led by Deutsche Bank and Emirates NBD
Global and regional banks collaborated on sustainable structuring.
Green sukuk signals future of Dubai’s real estate finance
Sustainability-driven funding is now shaping the city’s property market.
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