Aldar successfully prices $ıb hybrid notes to accelerate growth agenda

Aldar has successfully priced its $1 billion subordinated dated hybrid notes.

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The transaction attracted robust demand from a global institutional investor base, underscoring confidence in Aldar's credit profile, and earnings outlook as it continues to deliver on its transformational growth strategy.Proceeds from the issuance are intended to support the continuation of Aldar's growth agenda and its strategic priorities, including landbank replenishment, expansion of its develop-to-hold portfolio, strategic acquisitions, optimising the debt profile to enhance the overall credit profile and preserving debt capacity to fund and support future strategic growth initiatives.

Reflecting strong global confidence in Aldar's financial strength and its proven track record, the issuance was oversubscribed, with the peak orderbook reaching US$4.2 billion and strong participation from institutional investors across diverse geographies. The final allocation comprises investors from the Middle East (31%), United Kingdom (27%), North America (24%), Asia (10%) and Europe (8%).