"Nasdaq Dubai" welcomed the issuance of the first green bonds in the Middle East and North Africa region, valued at $100 million from the Dubai World Ports group, "DP World", a leading company in logistics services. This issuance is part of the partnership program for bonds valued at $10 million due in 2029 at a return of 5.250%.
The bonds were priced at a premium of 99.6 basis points above U.S. Treasury bond rates, which is the lowest in market history. The returns on this issuance focus on financing significant projects such as maritime transport and strengthening marine infrastructure and environmental initiatives.
The Chairman of the Board of Directors and the CEO of Dubai World Ports emphasized their commitment to sustainable growth and development, and the company's direction towards financing initiatives related to environmental and water projects. The issuance enhances Dubai's position as a major hub for development and sustainable financing.
This issuance of green bonds reflects the region's commitment to sustainable financing and supports environmental, social, and governance (ESG) goals. From his side, the Chairman of the Nasdaq Dubai Board confirmed the exchange's role in supporting the issuance of ESG-related practices and aiding issuers in achieving environmental and economic sustainability.
This issuance represents an important step in developing sustainable financing in the region. The issuance of green bonds will contribute to financing sustainable projects that include improving marine infrastructure and protecting the environment.
