The Securities and Commodities Authority (SCA) in the UAE has announced its approval for the listing of 16 tranches associated with bonds and Islamic sukuk, amounting to a total of AED72 billion ($19.55 billion), on the Abu Dhabi Securities Exchange’s “Secondary Listing Market” in 2023.
According to the latest statistics released by the Authority and published by WAM, the listings comprise 10 conventional tranches and 6 additional issues categorized as green bonds and sukuk focused on sustainability.
Among the conventional tranches, there are three issues from the Abu Dhabi government, allocated as follows: $2.5 billion for the first, $4 billion for the second, and $3 billion for the third.
Read more: $1.38 billion in bids for UAE’s latest Islamic Treasury Sukuk auction: UAE MoF
Additionally, the regular issues include a $500 million tranche from Abu Dhabi National Energy Company – TAQA, along with six tranches from Mamoura Diversified Global Holding, totaling $500 million, $1 billion, $1 billion, $1 billion, $500 million, and $750 million, respectively.
Moreover, the Authority highlighted that the six tranches designated as sustainability-related green bonds and sukuk total $4.8 billion (AED17.6 billion). This includes a $1 billion issuance from Abu Dhabi National Energy Company – TAQA and a $1.3 billion issuance from First Abu Dhabi Bank (FAB).
Sustainability-focused green bonds and sukuk were also issued by Abu Dhabi Future Energy Company (Masdar) for $750 million, Aldar Properties PJSC for $500 million, Al Mamoura Diversified Global Holding for $750 million, and Abu Dhabi Islamic Bank for $500 million.
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