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Source:
Sky News
First Abu Dhabi Bank launches regional digital green bonds
Abu Dhabi First Bank successfully issued and settled the first fully digital green bonds in the Middle East and North Africa region, worth 1 billion Dirhams, with a three-year maturity and an interest rate of 5.75%. This move aims to support projects with environmental benefits and address climate challenges. The issuance was completed through the digital "Euroclear" platform and became the bank’s second digital bond listed on the Abu Dhabi Securities Exchange, reflecting the bank’s commitment to sustainable finance and its goal to achieve over 79% of its sustainable financing target of 500 billion Dirhams by 2030. This issuance demonstrates how digital infrastructure can support sustainable finance and facilitate the transition to a low-carbon economy.
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