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Emirates NBD has successfully priced a five-year US$600 million Sukuk for Air Lease Corporation (ALC), marking the first Sukuk issued by a US corporation. The strong demand for the Sukuk saw orders of over $2.2 billion, allowing ALC to increase the offeri
Emirates NBD has successfully priced a five-year $600 million sukuk for Air Lease Corporation (ALC), marking the first sukuk issued by a US corporation. Th..
DUBAI, 21st March, 2023 (WAM) – Emirates NBD has successfully priced a five-year US$600 million Sukuk for Air Lease Corporation (ALC), marking the first Sukuk issued by a US corporation. The strong demand for the Sukuk saw orders of over $2.2 billion, allowing ALC to increase the offering to $600 million. The profit rate was tightened by 30 basis points to 5.85%, at a spread of 185 basis points over US treasuries due to the robust order book. The Sukuk structure adheres to the latest...
Councillors unanimously backed the scheme, which will sit above Birmingham New Street Station, last Thursday (16 March) at a planning committee meeting.
Bank ABC, one of Mena’s leading international banks, has acted as the Sole Arranger, Structurer and Joint Lead Manager (JLM) and Bookrunner for a $600 million 5-year Sukuk Issuance by Air Lease Corporation (ALC).