Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) has priced a four-year green bond issuance worth CHF 200 million in the Swiss Franc market.
With a coupon of 1.06%, the bonds were issued at SARON +54 basis points (bps), according to a recent press release.
As part of FAB’s Sustainable Finance Framework, this issuance was the bank's second public green issuance in 2022 following the Euro 500 million bonds last week.
The Managing Director and Head of Group Funding at FAB, Rula Al Qadi, said: "This is our third Green Swiss Franc bond issuance, and we remain the only bank from the MENA region to issue green bonds in Swiss Francs market."
Al Qadi added: "Today’s deal is priced inside our CHF curve and compares favourably to our USD curve (on a swapped basis), which is testament to FAB’s credit standing amongst international investors."
