#Green bond
The waiver applies to all new and repeat issuers who make a relevant application to the Dubai Financial Services Authority
Proceeds from the bond offerings will be deployed towards projects in the renewables sector, namely solar, wind, renewable power transmission and distribution infrastructure, and battery storage assets
The green bonds sale will help fund an effort to boost renewable energy generation capacity five-fold by the end of the decade
Proceeds from the five-year tranche will be used for general corporate purposes while the 10-year green bond will be used to finance projects as set out in the framework
The bank is committed to developing financial solutions that help businesses scale up operations while achieving their ESG objectives
The fund will allocate an amount equalling the net proceeds of the issuance to fund eligible green projects in line with its Green Finance Framework
Egypt seeks to raise $500m from the offering