The demand showcases the boldness positioned by native, regional, and worldwide buyers in CBD’s robust and sustained monetary efficiency and environmental, social, and governance (ESG) method, additional emphasising the rising significance of sustainable funding alternatives.
Dr. Bernd van Linder, CEO of Industrial Financial institution of Dubai, said: “This profitable issuance of CBD’s inaugural inexperienced bond underscores our strategic dedication to long-term sustainability and our proactive method in addressing environmental challenges. By supporting the UAE’s sustainability ambitions and contributing to a greener future, we’re aligning ourselves with world environmental targets and driving sustainable finance to assist foster a extra resilient financial system.”
The proceeds from the inexperienced bond issuance can be solely allotted to financing initiatives adhering to the standards outlined in CBD’s sustainable finance framework. Eligible initiatives embody renewable vitality, inexperienced buildings, clear transportation and air pollution prevention and management.