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Total volume of sustainable sukuk globally reached $7.1 billion in the first nine months of 2024, down 11 percent year-on-year
The issuance drew a diverse investor base, including banks and fund managers from Europe, Asia, and the Middle East
Fitch expects rates to reach 4.5 percent at the end of 2024 and 3.5 percent at the end of 2025, boosting Q4 and 2025's issuance activity
T-bills have maturities of 7 days, 28 days, 91 days, 182 days, 301 days, and 364 days
Issuance supports Aramco’s efforts to diversify and broaden its investor base, further enhance liquidity and re-establish its sukuk yield curve
The listings comprise 10 conventional tranches and 6 additional issues categorized as green bonds and sukuk focused on sustainability
A 4.6x oversubscription on $299.4 million issued
Arada's latest tap falls under the ongoing $1 billion Sukuk program
Qatar’s debt capital market reached about $130 billion outstanding at the end of H1 of 2024 with sukuk at 10 percent
The programs saw the issuance of treasury bonds worth $3.05 billion and Islamic sukuk worth $3.76 billion
These issuances have a maturity period of three months, with a yield of 4.375 percent
Latest tap is an extension of the developer’s inaugural sukuk issuance of $300 million, which took place in July 2023
