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Emirates News Agency - ADCB prices $650mn green bond to support UAE's net-zero transition

ABU DHABI, 6th September, 2023 (WAM) -- Abu Dhabi Commercial Bank PJSC (ADCB) has announced that it has successfully priced a US$650 million green bond, the proceeds of which will be used to finance eligible green assets as outlined in ADCB’s Green Bond Framework.Following an extensive global investor roadshow, the green bond priced at a spread of 125 bps above US treasuries with a 5.50 percent coupon rate. It was 2.9 times oversubscribed, attracting interest from a range of local, regional an...
Abu Dhabi Commercial Bank United Arab Emirates Robbert Muller Alaa Eraiqat United Nations Sustainable Development Goals Strategic Initiative
Source: wam.ae

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