“QNB green bond a sign of what’s to come as Gulf embraces ESG” – S&P Global – November 4, 2020

On November 4, 2020 S&P Global reported that “Qatar National Bank (QPSC)’s $600 million green bond issuance is a sign of growing investor demand for these instruments and could presage further activity in the Gulf Cooperation Council, with growing interest and awareness within corporate boardrooms.

In the Gulf, sustainable development is increasingly important as governments focus on environmental, social and governance issues and attempt to implement strategic vision plans to diversify their economies, which include measures to boost renewable energy generation.

QNB’s maiden green bond was the largest such issuance by a commercial GCC bank and only the second from a commercial lender in the region since 2017, when National Bank of Abu Dhabi, now First Abu Dhabi Bank PJSC, or FAB, issued its green bond.”

You may read the article on the S&P Global internet site.