Ezdan Holding Group winner of Bond/Sukuk Deal of the Year award

Ezdan Holding Group was recognized as the winner of Bond/Sukuk Deal of the Year by Debut Issuer at the annual Bonds, Loans & Sukuk Middle East Awards, leading Oman’s debut Omani riyal-denominated sukuk and Boubyan Bank’s Perpetual Additional Tier 1 sukuk to claim first place.

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Sukuk

A leading developer, owner and operator of real estate in Qatar, Ezdan Holding Group issued its debut sukuk in May this year, a USD 500 million five-year Shariah-compliant instrument, to diversify the company’s sources of funding and provide it with a broader platform from which to grow its business.

Liquidity pools

Ezdan Holding Group CEO Ali Mohamed Al Obaidli said: “Ezdan embarked on a financing program in 2014 which aimed to diversify liquidity pools for the company and ensure that it had access to markets that provided them with an optimal structure and pricing. The USD 500 mn sukuk is a crucial step along this journey, and central to our funding strategy going forward.”

managing director Aveen Prasad said: “Bonds, Loans & Sukuk was established to support companies making a smooth transition from loan funding to the capital markets, while the Bonds, Loans & Sukuk Awards give capital markets experts an opportunity to recognise excellence in making that transition.”

 

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