Abu Dhabi – Aldar Properties PJSC has announced the successful pricing of $1 billion subordinated hybrid notes, reinforcing its capital structure and supporting the company’s long-term growth agenda.

The issuance, which attracted strong international investor demand with peak orders exceeding $4.2 billion, underscores Aldar’s robust credit profile and strategic positioning in regional and global capital markets.

Transaction Highlights
- Instrument: Subordinated dated hybrid notes
- Size: $1 billion
- Tenor: 30.25 years, non-callable for 7.25 years
- Coupon Rate: 5.875%
- Yield: 5.95%
Strategic Objectives
Proceeds from the issuance will be allocated to:
- Expanding Aldar’s land bank for future development opportunities.
- Growing its develop-to-hold portfolio, enhancing recurring income streams.
- Supporting strategic acquisitions aligned with its diversification and expansion plans.

Market Significance
The transaction achieved one of the tightest spreads for a corporate hybrid issuance in the CEEMEA region, reflecting investor confidence in Aldar’s financial resilience. Rating agencies classify hybrid notes as part equity, strengthening Aldar’s capital base while preserving shareholder value.

Executive Statement
Aldar emphasized that the successful issuance demonstrates global investor trust in its balance sheet strength and earnings outlook, and reaffirms its commitment to delivering on a transformational growth strategy.