MAF CEO says green format helped pricing
Majid Al Futtaim (MAF) brought the world’s first benchmark green corporate sukuk to market last week. Chief executive Alain Bejjani said the format had helped the leads price the deal tighter and that they would return to the green market.
“It allowed us to tighten more than we had thought we would be able to,” said Bejjani in an interview with GlobalCapital. “Traditional green investors are happy to buy non-conventional formats, like sukuk, because there are so few deals.”The bond was a $600m 10 year. HSBC and
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