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English news

21-Aug-2016

NBAD to launch MidEast's first green bond

National Bank of Abu Dhabi plans to start an investor roadshow next week to issue a benchmark-sized green bond, the proceeds of which would be used to invest in renewable energy, sources familiar with the matter said on Thursday. "Green bonds" have become an increasingly popular source of borrowing for emerging market banks, especially those from India and China, but the sources said NBAD's five-year issue would be the Middle East's first green bond. (Reuters)

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