Mashreq opens CEEMEA markets with successful pricing of its $500mln debut Sukuk
Summary
Marks the first public issuance from the CEEMEA region since the U.S. tariffs announcement, signalling a reopening of the primary markets Achieves the largest orderbook in Mashreqs history, with demand reaching US$ 2.90 billion despite heightened market volatilityMashreq, one of the leading financial institutions in the MENA region and rated A3 (Moodys), A (S&P) and A (Fitch), all with a stable outlook - successfully priced its debut US $ 500 million 5 year Sukuk offering with a profit rate of 5.03 percent per annum on Tuesday 15th April 2025. Demonstrating confidence and clarity, the bank announced a capped issuance size of USD 500 million, firmly communicating to investors that the transaction will not grow. The orderbook peaked at USD 2.9 billion the largest ever for a Mashreq issuance representing an oversubscription of nearly six times and drawing interest from over 90 investors.Ahead of pricing, senior members of Mashreqs management team, including Group CFO Norman Tambach and Group Head of Treasury and Global Markets Salman Hadi, conducted investor meetings in London on Monday, 14 April 2025. This successful outcome not only supports Mashreqs growth ambitions into 2025 and beyond but also helps re-open the debt capital markets for regional issuers seeking to re-enter with confidence. Mashreq pioneered key innovations and developments in banking, starting with entry-level digital-first customers, all the way to powering some of the regions most prominent corporations and wealth accounts.The banks mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them reach fulfillment, achieve financial goals, and unlock their vision of success.Reassuringly present in major financial centers of the world, Mashreqs home and global HQ remains in the Middle East, offering services wherever opportunity takes its customers.Find your way to Rise Every Day at Mashreq.com/RiseEveryDay