{"id":78034,"date":"2023-06-15T01:00:22","date_gmt":"2023-06-15T01:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/"},"modified":"2023-06-15T01:00:22","modified_gmt":"2023-06-15T01:00:22","slug":"commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/","title":{"rendered":"Commercial Bank of Dubai raises USD 500 mn in inaugural green bond issuance"},"content":{"rendered":"<p><strong>CBD pulls the trigger on its debut green bond issuance:<\/strong> The Commercial Bank of Dubai has raised USD 500 mn through its inaugural green bond issuance, according to a <a href=\"https:\/\/www.cbd.ae\/wholesale\/about-cbd\/media-centre\/press-room\/2023\/06\/14\/commercial-bank-of-dubai-raises-usd-$500-million-in-inaugural-green-bond-issuance\">statement<\/a>. The five-year bond, which held a coupon rate of 5.319%, was priced at 140 basis points (bps) over US Treasuries, with the issuance generating \u201csubstantial interest from investors following a well-received global road show.\u201d<\/p>\n<p><strong>Where the proceeds are going:<\/strong> The proceeds from the inaugural issuance will be \u201cexclusively allocated to financing projects adhering to the criteria outlined in CBD's Sustainable Finance Framework,\u201d the bank said. Those include renewable energy, green buildings, clean transportation, and pollution prevention and control, it said, adding that the framework comes in line with the UN Sustainable Development Goals.<\/p>\n<p><strong>REMEMBER- The UAE wants to stimulate green debt issuances:<\/strong> The UAE said it would be <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb7a8593-a352-45c3-ac58-d73e164c489a\">axing registration 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","protected":false},"excerpt":{"rendered":"<p>CBD pulls the trigger on its debut green bond issuance: The Commercial Bank of Dubai has raised USD 500 mn through its inaugural green bond issuance, according to a statement. The five-year bond, which held a coupon rate of 5.319%, was priced at 140 basis points (bps) over US Treasuries, with the issuance generating \u201csubstantial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78035,"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":[837,83,11,49,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-commercial-bank-of-dubai","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-uae","wpautop","entry"],"acf":{"mongo_id":"4efffdd4-d1dd-415f-855e-9771457e61ab","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/1357.jpg","photo_position":"above","related_issue":[78018],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Commercial Bank of Dubai raises USD 500 mn in inaugural green bond issuance - 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\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/\" \/>\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 raises USD 500 mn in inaugural green bond issuance\" \/>\n<meta property=\"og:description\" content=\"CBD pulls the trigger on its debut green bond issuance: The Commercial Bank of Dubai has raised USD 500 mn through its inaugural green bond issuance, according to a statement. The five-year bond, which held a coupon rate of 5.319%, was priced at 140 basis points (bps) over US Treasuries, with the issuance generating \u201csubstantial [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T01:00:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1357.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\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Commercial Bank of Dubai raises USD 500 mn in inaugural green bond issuance\",\"datePublished\":\"2023-06-15T01:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/\"},\"wordCount\":172,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1357.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Commercial Bank of Dubai\",\"DEBT WATCH\",\"EnterpriseClimate\",\"green bonds\",\"UAE\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/15\/commercial-bank-of-dubai-raises-usd-500-mn-in-inaugural-green-bond-issuance\/\",\"name\":\"Commercial Bank of Dubai raises USD 500 mn in inaugural green bond issuance - 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