The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI / Emirates Business
Ezdan Holding Group QPSC priced its 2nd Sukuk transaction, under its US$ 2bn Sukuk EMTN Programme established in 2016. The successful US$ 500 million 5 year Sukuk attracted an order-book of more than US$ 1.2 billion, with 129 investors from around 30 countries participating.
Investors from the Middle East took 58% of the issuance, with European investors subscribing for 28% and Asian and other investors taking 14%.
Ahmed Abdelaal, Regional Head of Corporate Clients Coverage MENAT, HSBC, added: “It is again a great honour for HSBC to be part of this successful transaction for the second consecutive year. The strong investor participation both regionally and internationally is a reflection of Ezdan Holding’s ever growing franchise and its ability to capitalize on its credit strengths to continue building international investor recognition.