The 10-year notes, which were 5.6 times oversubscribed, carry a 4.87 per cent coupon rate and will mature in July 2033
The proceeds from debut green bonds will be used to finance projects eligible under CBD’s Sustainable Financing Framework
The SCA board approved the decision to exempt the fee for this year for companies planning to list their sustainability-linked bond or sukuk
The Abu Dhabi-listed firm said proceeds from the issuances will be used to finance eligible green projects including renewable energy
The UAE became the first Gulf state to commit to neutralising planet-warming emissions within its borders, which it aims to do by 2050
Global sales of green bonds hit a record $513bn last year
The $700m placement is the largest green bond issued in the region