Emirates NBD announced the completion of its first dual-tranche sustainable bond issuance totaling $1 billion under its Euro Medium-Term Note (EMTN) program. The issuance includes a blue tranche of $300 million for a 3-year tenor and a green tranche of $700 million for a 5-year tenor. This issuance is the largest of its kind for blue bonds in the United Arab Emirates and the Gulf Cooperation Council (GCC) region, as well as the largest blue-green bond issuance in the region. Ahmed Al Qassim stated: "We continue to mobilize capital to support and protect our region's environmental priorities." Vijay Pines highlighted: "The deal cements the bank's position among pioneering institutions in the blue bonds market." Matt Lawton added: "This transaction will meet a key developmental priority."
