First Abu Dhabi Issues $23 Million Green Bonds

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Abu Dhabi – Mubasher: First Abu Dhabi Bank, the largest bank in the UAE, said today, Monday, that it has issued green bonds worth 150 million yuan ($23 million).

The bank said in a statement that this bond is the first private issuance of yuan-denominated green bonds from the Middle East and North Africa, according to Reuters.

The bank issued green bonds, which are debt instruments to finance projects with environmental benefits, in several currencies, including the dollar and the Swiss franc, with more than one billion dollars. The bank did not disclose other details of the bond sale deal.

Today, Sunday, the First Abu Dhabi Bank, the largest financial institution in the world, Agreement with the Mohammed bin Rashid Housing Establishment To provide flexible financing options for citizens looking to acquire suitable housing units for their families.

This agreement comes within the framework of the “Al Yusr” program, one of the Foundation’s initiatives aimed at providing the best financing options for citizens by establishing constructive partnerships with the most prominent banks.

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