Search Site

Trends banner

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

ADCB prices $650m green bond

Abu Dhabi Commercial Bank reported a net profit of $525 million in the second quarter of 2023.
  • It was 2.9 times oversubscribed, attracting interest from a range of local, regional and international investors that placed total orders of over $1.9 billion.
  • As of 30th June 2023, ADCB’s eligible green loan portfolio had experienced notable year-on-year growth of 61 percent, reaching $1.65 billion, he said.

Abu Dhabi, UAE — Abu Dhabi Commercial Bank (ADCB) has priced a $650 million green bond, the proceeds of which will be used to finance eligible green assets as outlined in ADCB’s Green Bond Framework.

Following an extensive global investor roadshow, the green bond priced at a spread of 125 bps above US treasuries with a 5.50 percent coupon rate. It was 2.9 times oversubscribed, attracting interest from a range of local, regional and international investors that placed total orders of over $1.9 billion.

This marks ADCB’s second green bond issuance, building on the success of its inaugural $500 million green bond in September 2022.

ADCB said its return to the green bond market reinforces its commitment to both responsible financing and the advancement of sustainable initiatives that support the UAE’s Net Zero by 2050 Strategic Initiative.

Robbert Muller, ADCB Group Treasurer, said this issuance is linked to the bank’s commitment to provide AED 35 billion in green finance by 2030. The proceeds will be used to finance eligible green projects in accordance with ADCB’s Green Bond Framework.

This framework aligns with the United Nations Sustainable Development Goals and is based on the International Capital Markets Association (ICMA) Green Bond Principles.

As of 30th June 2023, ADCB’s eligible green loan portfolio had experienced notable year-on-year growth of 61 percent, reaching $1.65 billion, he said.