Prices a $850 million 12-year green bond at a coupon rate of 4.75%; $900 million 7-year conventional bonds bear a rate of 4.375%
Green finance
Latest in Green finance
Climate finance
UAE green bond financing reaches $6.4bn ahead of COP28
The UAE holds 19 per cent of the world’s sustainable bonds says Fitch Ratings
carbon emissions
Global investment of $4 trillion needed for net zero emissions by 2050: Experts
The AIM Summit brings together industry leaders to explore trends and opportunities in the alternative investment industry and emphasises the role of the private sector in addressing climate change
CBUAE
UAE banks offer $52bn in green financing
UAE banks are supporting fight against climate change with green financing deals
clean energy
UAE’s Masdar nearly doubles clean energy capacity ahead of Cop28
UAE sustainability report highlights clean energy output and green financing
carbon emissions
China Development Bank issues $2.16 billion green bonds
The issue is to protect Yangtze River projects
agribusiness
Dubai attracts sustainable finance deals as Apical raises $787mn from MENA, global banks
The round of financing saw almost 25 percent of Apical’s funds coming from notable Middle Eastern banks
COP27
UAE green bonds, sukuk market valued at $17 billion
The size of the global market for green sukuk in 2020 was estimated at $1 trillion
Anthony Yammine
Green financing could unlock $2tr in cumulative GDP across GCC
It could also create 1 million jobs and FDI in sustainable industries, latest Strategy& report indicates
Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank provides $61 million in financing for green-certified projects in Saudi Arabia
In collaboration with MUFG, Alimna Bank, Riyad Bank, and Siemens Bank, $480 million of green finance has been allocated for three independent sewage treatment plants (ISTP) in Saudi Arabia
Acciona Energia
Spain’s Acciona inks $480m green loans for Saudi sewage treatment plants
Company says three projects will treat the wastewater of up to two million residents and contribute to Vision 2030
Green bonds
Abu Dhabi’s TAQA prices first green bond linked to giant solar plant
Bonds will refinance existing debt of Sweihan PV Power Company, which built, owns and operates Noor Abu Dhabi
banking and finance
How ESG concerns are being prioritised by Middle East investors
New report says 89% of regional investors expect companies to face increasing levels of litigation as a result of not delivering on ESG promises
Banking & Finance
Dubai sets up task force to drive green finance ambitions
Dubai Financial Services Authority has launched the Task Force on Sustainable Finance
environmental social and governance
Why ‘green’ finance will increasingly play a key role in GCC real estate investments
Senior Mashreq Bank exec says asset managers and fund allocators are increasingly prioritising companies that are ESG-focused
First Abu Dhabi Bank
UAE’s biggest bank prices $218m green bond as it embraces sustainable finance
First Abu Dhabi Bank says it has financed over $10bn so far in sustainable projects
Green finance
Saudi Arabia partners with HSBC to push green finance deals
Ministry of Investment signs memorandum of understanding with banking giant HSBC to promote sustainable finance in the kingdom