First Abu Dhabi Bank issued $ 750 million worth of green bonds in Hong Kong with a five-year maturity period.
According to the Emirates News Agency, this is the first issuance of green bonds denominated in Hong Kong dollars in the MENA region and the first green bond in Hong Kong dollar by an external financial institution .
Rola Al Qadi, Group Chief Finance Officer at First Abu Dhabi Bank, said: “The bank has a track record of achievements in green financing and we are proud to continue working to consolidate our position in this vital sector.” .. The first issuance of green bonds denominated in Hong Kong dollars by a financial institution in the MENA region is another successful achievement for the bank in this field.
She added: Green financing represents a supportive element for business models, investments and sustainable legislation, in line with the values of the First Abu Dhabi Bank embodied in this historic deal .. And the bank is keen on a permanent basis. To support the achievement of the national sustainability goals in accordance with the Emirates Vision 2021, the green agenda of the UAE 2015-2030, the economic vision of the Emirate of Abu Dhabi 2030, and the United Nations Sustainable Development Goals 2030 that the UAE has announced its commitment to.
First Abu Dhabi Bank launched the first and only green bond offering in the MENA region in 2017 with a value of $ 587 million, followed by a series of bonds Green Specials in 2019 ..
The bank also developed a framework for sustainable financing that reflects the depth of its commitment to consolidating its leadership position in the sustainable finance sector.
The First Abu Dhabi Bank assumed the duties of Account Manager for the first issuance of green sukuk and green credit facilities in the region .. Last year, it contributed to providing renewable credit facilities linked to the sustainable development goals of Aviation Etihad, in a first step of its kind in the global aviation sector, and in the Middle East and North Africa region.
