FAB lines up low-carbon energy bond: First Abu Dhabi Bank (FAB) has mandated banks to arrange ESG-focused fixed income investor calls ahead of a planned benchmark-size USD five-year low-carbon energy bond, Zawya reports. The Reg S-only senior issue will be launched under FAB’s USD 20 bn Euro Medium Term Note program, with proceeds to refinance eligible nuclear power projects under its sustainable finance framework.

ADVISORS- Bank of China, Barclays, Citi, Crédit Agricole CIB, FAB, HSBC, and Standard Chartered are joint lead managers and bookrunners, with Crédit Agricole CIB also acting as sole sustainability structuring advisor.

This is FAB’s second issuance in as many weeks, after it issued a HKD 390 mn (USD 50 mn) five-year blue bond last week via private placement — the first such bond from a Gulf financial institution — anchored by a dark green investor seeking a blue-labelled instrument.

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