{"id":77938,"date":"2023-06-12T01:00:50","date_gmt":"2023-06-12T01:00:50","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/"},"modified":"2023-06-12T01:00:50","modified_gmt":"2023-06-12T01:00:50","slug":"commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/","title":{"rendered":"Commercial Bank of Dubai to issue its first green bond this week"},"content":{"rendered":"

<\/a> The Commercial Bank of Dubai (CBD) says it will pull the trigger on its <\/strong>maiden USD 500 mn five-year unsecured green bond issuance on Wednesday<\/strong>, according to a disclosure<\/a> to the Dubai Financial Market on Thursday. The green bond is expected to have an initial price guidance<\/a> of c.140 basis points (bps) above US Treasuries, tightened from the initially reported 175 bps, according to a document seen by Reuters<\/a>.<\/p>\n

Where\u2019s the money going?<\/strong> Proceeds will finance projects under the bank\u2019s Sustainable Financing Framework including renewables, green buildings, pollution mitigation, and clean transport projects, according to the newswire.<\/p>\n

Advisors: <\/strong>Lead managers on the debt transaction include Standard Chartered, First Abu Dhabi, Emirates NBD Capital, JPMorgan, and Natixis, with the latter serving as the only ESG coordinator on the issuance, according to Reuters.<\/p>\n

The UAE is incentivizing green debt issuances: <\/strong>The UAE said it would be axing registration<\/a>fees<\/a> for firms issuing green debt instruments \u2014 including sukuk and traditional climate-aligned bonds \u2014 in 2023 to support funding for climate-friendly projects last week.<\/p>\n

REMEMBER-<\/strong> Green bond and green sukuk issuances are piquing the interest of financial <\/strong>institutions in our neck of the woods:<\/strong> First Abu Dhabi Bank\u2019s third green debt issuance of USD 600 mn earlier this month was the first sale by a MENA financial institution in a USD-denominated market in 2023<\/a>. Earlier in April, the UAE\u2019s state-owned Abu Dhabi National Energy Company (Taqa) raised<\/a> a total of USD 1.5 bn in a dual-tranche green bond issuance that was almost 10x oversubscribed under the company\u2019s new Green Finance Framework.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Commercial Bank of Dubai (CBD) says it will pull the trigger on its maiden USD 500 mn five-year unsecured green bond issuance on Wednesday, according to a disclosure to the Dubai Financial Market on Thursday. The green bond is expected to have an initial price guidance of c.140 basis points (bps) above US Treasuries, […]<\/p>\n","protected":false},"author":1,"featured_media":77939,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,49,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-uae","wpautop","entry"],"acf":{"mongo_id":"6cc3cde0-de53-4b2a-84cc-46ef3cac2a01","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/224.jpg","photo_position":"above","related_issue":[77924],"teaser":"","voice_url":""},"yoast_head":"\nCommercial Bank of Dubai to issue its first green bond this week - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Bank of Dubai to issue its first green bond this week\" \/>\n<meta property=\"og:description\" content=\"The Commercial Bank of Dubai (CBD) says it will pull the trigger on its maiden USD 500 mn five-year unsecured green bond issuance on Wednesday, according to a disclosure to the Dubai Financial Market on Thursday. The green bond is expected to have an initial price guidance of c.140 basis points (bps) above US Treasuries, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-12T01:00:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Commercial Bank of Dubai to issue its first green bond this week\",\"datePublished\":\"2023-06-12T01:00:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/\"},\"wordCount\":267,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseClimate\",\"green bonds\",\"UAE\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/\",\"name\":\"Commercial Bank of Dubai to issue its first green bond this week - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-06-12T01:00:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Bank of Dubai to issue its first green bond this week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Commercial Bank of Dubai to issue its first green bond this week - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/","og_locale":"en_US","og_type":"article","og_title":"Commercial Bank of Dubai to issue its first green bond this week","og_description":"The Commercial Bank of Dubai (CBD) says it will pull the trigger on its maiden USD 500 mn five-year unsecured green bond issuance on Wednesday, according to a disclosure to the Dubai Financial Market on Thursday. The green bond is expected to have an initial price guidance of c.140 basis points (bps) above US Treasuries, […]","og_url":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/","og_site_name":"Climate","article_published_time":"2023-06-12T01:00:50+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Commercial Bank of Dubai to issue its first green bond this week","datePublished":"2023-06-12T01:00:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/"},"wordCount":267,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1","keywords":["DEBT WATCH","EnterpriseClimate","green bonds","UAE"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/","url":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/","name":"Commercial Bank of Dubai to issue its first green bond this week - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1","datePublished":"2023-06-12T01:00:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2023\/06\/12\/commercial-bank-of-dubai-to-issue-its-first-green-bond-this-week\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Commercial Bank of Dubai to issue its first green bond this week"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/224.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-kh4","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=77938"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/77938\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/77924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/77939"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=77938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=77938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=77938"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=77938"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}