FAB lands first Swissie green bond from MENA

Swiss_franc_AdobeStock_575x375_13Feb20
By Lewis McLellan
28 Jan 2021

First Abu Dhabi Bank issued a Sfr260m ($293m) six year bond this week, the first Swiss franc green bond from the Middle East.

The trade was priced to yield 0.068%, which the bank said was inside its outstanding Swiss franc curve and, when swapped to dollars, “well inside” its curve in dollars as well.

The trade is FAB’s fifth green bond, making it the most prolific issuer of green bonds in ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial