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Business Upturn
a day ago
- Business
- Business Upturn
Itaú Chile launches its first Sustainable Finance Framework, favorably assessed by S&P Global Ratings
By GlobeNewswire Published on July 4, 2025, 21:37 IST SANTIAGO, Chile, July 04, 2025 (GLOBE NEWSWIRE) — BANCO ITAÚ CHILE (SSE by nuam: ITAUCL) today announced the release of its first Sustainable Finance Framework (the 'Framework'), establishing a comprehensive platform for the issuance of green, social, and sustainability-linked instruments, aligned with leading international standards. S&P Global Ratings issued a Second Party Opinion (SPO), rating the Framework's alignment with global standards as 'Strong', based on the following principles: ICMA Green Bond Principles (2021) ICMA Social Bond Principles (2023) ICMA Sustainability Bond Guidelines (2021) LMA / APLMA Green & Social Loan Principles (2023) ' With this Framework, we place sustainability at the core of our financing strategy, enabling investors to directly support Chile's energy transition and social inclusion agenda ,' said Claudia Labbé, Chief Sustainability Officer and Head of Corporate Affairs at Itaú Chile. This initiative reflects Itaú Chile's strong commitment to sustainability, which is fully integrated into its business strategy. Through concrete actions such as sustainable finance, carbon footprint measurement, and financial inclusion programs, the bank aims to contribute actively to a resilient, inclusive, and low-emission economy. The Framework reinforces Itaú's belief that finance can be a powerful driver of sustainable development For the full Sustainable Finance Framework, please refer to the following link: For the Second Party Opinion (SPO) issued by S&P Global Ratings, dated July 4, 2025, please refer to the following link: Investor Relations – Itaú Chile [email protected] / Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Web Release
12-05-2025
- Business
- Web Release
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
By Editor_wr On May 12, 2025 OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: 'Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.' The issuance follows OMNIYAT'S 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai Comments are closed.
Yahoo
12-05-2025
- Business
- Yahoo
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
DUBAI, United Arab Emirates, May 12, 2025--(BUSINESS WIRE)--OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: "Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. "We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets." The issuance follows OMNIYAT's 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. Source: AETOSWire View source version on Contacts Celine Aswad (+971)56-536-4322Omniyat@ Sign in to access your portfolio
Business Wire
12-05-2025
- Business
- Business Wire
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
DUBAI, United Arab Emirates--(BUSINESS WIRE)--OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: 'Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. 'We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.' The issuance follows OMNIYAT's 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai.
Associated Press
12-05-2025
- Business
- Associated Press
OMNIYAT Debuts Inaugural Green Sukuk on Nasdaq Dubai
DUBAI, United Arab Emirates--(BUSINESS WIRE)--May 12, 2025-- OMNIYAT, Dubai's leading ultra-luxury real estate developer, has successfully listed its inaugural green sukuk on NASDAQ Dubai. OMNIYAT raised USD 500 million through a 3-year Islamic offering. This transaction marks their entry into the international debt capital markets and reaffirms its commitment to long-term financial strength and sustainable development. This press release features multimedia. View the full release here: Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, alongside Hamed Ali, CEO of Nasdaq Dubai and DFM, and OMNIYAT's Advisory Board - (Photo: AETOSWire) The green sukuk was met with strong demand from international and regional investors, with the order book oversubscribed 3.6x times, reaching USD 1.8 billion. The green sukuk certificates were priced at a spread of 461.7 basis points over the 3-year US Treasury yield and carry a profit rate of 8.375%. The proceeds from the issuance will be used in line with OMNIYAT's Green Financing Framework to primarily finance investments in sustainable development. This framework is fully aligned with the ICMA Green Bond Principles (GBP) 2021, ensuring international best practice and investor transparency. Mahdi Amjad, Founder & Executive Chairman at OMNIYAT, commented: 'Today's bell ringing marks more than just a financial milestone, it signals OMNIYAT's long-term commitment to sustainable growth and responsible investment. The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined. The oversubscription and subsequent successful issuance is a testament to the growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. 'We are proud to list our green sukuk on NASDAQ Dubai, a world-class international exchange that offers unparalleled visibility, transparency, and connectivity to global investors. We thank the NASDAQ Dubai team for their invaluable support throughout this journey. This platform provides the ideal infrastructure to facilitate seamless market access and supports our ambition to deepen engagement with both regional and international capital markets.' The issuance follows OMNIYAT's 'BB-' long-term credit rating assigned by S&P Global and a first-time Long-Term Issuer Default Rating (IDR) of 'BB-' by Fitch Ratings, with both rating agencies assigning a stable outlook. OMNIYAT's business model, underpinned by strategic developments in prime locations such as Palm Jumeirah and Business Bay, has enabled them to capture consistent demand from ultra-high-net-worth international buyers and reinforce its leading position in the ultra-luxury real estate market in Dubai. Source:AETOSWire View source version on CONTACT: Celine Aswad (+971)56-536-4322 [email protected] KEYWORD: IRELAND UNITED KINGDOM EUROPE UNITED ARAB EMIRATES MIDDLE EAST INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SUSTAINABILITY ENVIRONMENT FINANCE SOCIALLY RESPONSIBLE INVESTING PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE SOURCE: OMNIYAT Copyright Business Wire 2025. PUB: 05/12/2025 07:50 AM/DISC: 05/12/2025 07:49 AM
