Web1 giu 2024 · SHARJAH: Arada, a property development company based in Sharjah, has successfully completed the issuance of its first public financing deal, a $350 million Sukuk, which has been listed on the London Stock Exchange. The five-year fixed rate RegS debut Sukuk issuance was rated BB- by Fitch and B1 by Moody’s. Web14 feb 2024 · Sharjah developer Arada has completed the second tap of its AED1.65 billion ($450 million) sukuk, which was issued in June 2024 and listed on the London Stock …
Arada raises$50m from second tap of existing $450m sukuk
WebThe nal IDR is contingent on the planned benchmark-size unsecured sukuk being. issued, the proceeds of which will be used to repay current debt and fund future. developments. The rating is based on Arada's Standalone Credit Prole (SCP) of 'b' and a one-notch. uplift for support from the Sharjah government (as assessed under Fitch's Government- Web13 feb 2024 · DUBAI – Arada has successfully completed the second tap of its $450 million sukuk, which was issued in June 2024 and listed on the London Stock Exchange. The second tap raised $50 million and brings the total size of the sukuk to $500 million. This is the developer's third foray into the capital markets in the last nine months and the ... matlock brynn thayer
Islamic Development Bank sells $1 billion sukuk Reuters
Web3 giu 2024 · Arada has successfully completed the issuance of its first public financing deal, a $350 million Sukuk, which has been listed on the London Stock Exchange.. The five … Web31 mag 2024 · Arada’s sukuk comes after the Emirate of Sharjah sold its own sukuk on March 28, raising $750m. That deal was priced at 135bp above US Treasuries and was quoted at 158bp on the bid side on Tuesday. Web5/25/22, 2:59 PM F i tch R ates Ar ada Sukuk Li mi ted' s Seni or U nsecur ed Sukuk ' BB- ( EXP) ' matlock b\\u0026b accommodation