UPDATE 2- #UAE's Majid Al Futtaim to raise $600 mln with green dollar sukuk - Reuters

UPDATE 2-UAE's Majid Al Futtaim to raise $600 mln with green dollar sukuk - Reuters:

Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise $600 million by selling “green” sukuk, or Islamic bonds, a document issued by one of the banks leading the sale showed on Wednesday.

The bonds, due in February 2030, offer 225 basis points over mid-swaps, down from an initial price guidance of around 250 basis points over.

The offering has received orders in excess of $2.3 billion, including interest from the joint lead managers, the document said.