Etihad debuts transition sukuk as it continues green pivot

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By Mariam Meskin
29 Oct 2020

Etihad Airways issued the first transition sukuk this week, a $600m deal, further burnishing its green credentials after issuing a loan linked to the UN’s Sustainable Development Goals less than a year ago.

The five year sukuk has a sustainability linked bond structure pairing its terms to the borrower’s fulfilment of key performance indicators.

These KPIs are focused on Etihad’s carbon reduction targets: a commitment to net zero carbon emissions by 2050; a 50% reduction in net emissions by 2035; and a ...

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