Aldar Properties Appoints Banks to Issue First Green Sukuk

A document revealed today, Tuesday, that Aldar Properties in Abu Dhabi is planning to issue its first dollar-denominated green sukuk, subject to market conditions. The document indicated that a unit of Aldar Properties has tasked banks with contacting global investors today, followed by a series of individual meetings with a small group of fixed-income investors. It added that this will be followed by the first benchmark issuance of unsecured dollar-denominated green sukuk with a maturity of 10 years, depending on market conditions.