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First Mideast Green Bond
First Mideast Green Bond

First Mideast Green Bond

First Mideast Green Bond

The National Bank of Abu Dhabi plans to start an investor roadshow next week to issue a benchmark-sized green bond, the proceeds of which would be used to invest in renewable energy, sources familiar with the matter said on Thursday, Reuters reported. So-called “green bonds” have become an increasingly popular source of borrowing for emerging market banks, especially those from India and China, but the sources said NBAD’s five-year issue would be the Middle East’s first green bond. NBAD has mandated Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi, Credit Agricole, Citi, HSBC and its own debt capital markets team to arrange the issue, the sources said.

 

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