Nasdaq Dubai welcomed the listing of a USD 500 million debut Green Sukuk by Binghatti Holding Limited, one of Dubai’s fastest growing property developers. Issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, the Green Sukuk matures in 2029 and marks the company’s first ESG-linked issuance. The offering was oversubscribed 4.3 times, receiving over USD 2.1 billion in orders from regional and international investors. Reflecting that robust demand, the issuance was priced at a profit rate of 7.75%, having tightened from initial guidance of 8.125%. The proceeds from the ...