Abu Dhabi First Bank launches regional digital green bonds

First Abu Dhabi Bank (FAB) issued a digital green bond valued at one billion dirhams, with a three-year maturity and an interest rate of 5.75%. This is the first issuance of its kind in the Middle East and North Africa region. The funding aims to support projects that generate environmental benefits and address climate challenges, with proceeds allocated to achieve positive environmental impact. The issuance reflects the bank’s direction towards expanding sustainable finance and developing the digital bond market through distributed ledger technology. It represents a significant step to enhance the UAE’s position in financial innovation and support a low-carbon economy.

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