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Arada completes issuance of $450m Sukuk
Gulf Today
|July 30, 2025
Arada completes successful closure of 4 times-oversubscribed $450 million Sukuk.
Arada Developments, rated Bl by Moody's and B+ by Fitch, has successfully completed the issuance of a $450 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai.
The five-year fixed rate RegS Sukuk issuance, rated BBby Fitch and Bl by Moody's, was priced with a coupon of 7.150 per cent, tightening 47.5bps60bps from the initial price guidance of 7.625 per cent-7.750 per cent for a spread of 317 bps over US Treasuries, for the tightest reoffer yield ever achieved by Arada.
Cette histoire est tirée de l'édition July 30, 2025 de Gulf Today.
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