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Sunday, 18 September 2016

UAE bank NBAD postpones Middle East's first green bond -sources | Reuters

UAE bank NBAD postpones Middle East's first green bond -sources | Reuters:

"National Bank of Abu Dhabi has postponed the region's first ever green bond after investors considered the pricing unattractive, banking sources told Reuters on Sunday.

Green bonds have become an increasingly popular source of borrowing for banks in emerging markets, including in India and China in view of the growing demand for funds for renewable projects.

The United Arab Emirates-based lender launched investor roadshows in late August to market the benchmark-sized bond, the first green bond ever from a Middle Eastern borrower, with the proceeds due to be used to invest in renewable energy projects."



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