Fixed Income

“CDL prints Singapore’s first Green bond” – Nasdaq – April 6, 2017

On April 6, 2017 Nasdaq reported that City Developments (CDL) priced Singapore’s first green bond.  The two-year senior unsecured issue – sold to fund managers and institutional investors – raised S$100m (US$71m). “There is an increased interest in socially responsible investments and a growing demand for relevant products,” said Sherman Kwek, deputy CEO of CDL.  […]

“NBAD launches first Green Bond in the Middle East” – National Bank of Abu Dhabi (NBAD) – March 30, 2017

On March 30, 2017 the National Bank of Abu Dhabi (NBAD) announced that it successfully priced its debut $587 million five-year green bond due March 30, 2022.  The bonds will be listed on the London Stock Exchange. Stephen Jordan, Group Treasurer of NBAD, said: “This is another landmark transaction for NBAD and the first ever […]