First Abu Dhabi Bank in the Market with 5-Year Green Bonds

First Abu Dhabi Bank in the Market with 5-Year Green Bonds

The transaction is a testimony of PIF’s trust in FAB’s debt capital markets franchise: FAB

First Abu Dhabi Bank has given initial price guidance of 145-150 basis points over U.S. Treasuries for 5-year dollar-denominated green bonds, according to a Reuters report.

"FAB is proud to have acted as Active Joint Bookrunner and Joint Lead Manager for the Public Investment Fund’s (PIF) 5, 10 and 100-year senior unsecured RegS only USD debut Green Bond offering," First Abu Dhabi Bank stated.

"The transaction is a testimony of PIF’s trust in FAB’s debt capital markets franchise," FAB further stated.

In 2021, First Abu Dhabi Bank launched an ESG Strategy to accelerate growth in areas that are most pertinent to emerging sustainability opportunities and challenges.

FAB developed strong sustainable banking credentials as the first bank in Gulf Cooperation Council (GCC) to join the United Nations Environment Programme Finance Initiative’s (UNEP FI) Net Zero Banking Alliance (NZBA).

FAB was an UAE pioneer in committing to establishing sustainable reporting practices in the country.

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