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# UAE's First Abu Dhabi Bank raises EUR 750 million from oversubscribed green bond
- URL: https://www.theglobalbanker.com/fab-uae-750-million-euro-green-bond-oversubscribed/
- Published: 2026-06-18T15:00:00.000Z
- Updated: 2026-10-18T11:02:32.000Z
- Description: First Abu Dhabi Bank priced a three-year EUR 750m green bond with a 3.5302% coupon, drawing more than EUR 1.1bn in orders.
- Author: TGB Editorial Team
- Tags: ESG, MENA

First Abu Dhabi Bank has raised EUR 750 million from an oversubscribed three-year green bond, attracting more than EUR 1.1 billion in orders. The notes carry a coupon of 3.5302% and were priced at a reoffer yield of 3.535%, or mid-swaps plus 75 basis points, tightened from initial guidance of mid-swaps plus 100-105 basis points.

The senior unsecured notes were priced at par and issued under FAB's $20 billion Euro Medium Term Note Programme, with a listing on the London Stock Exchange. FAB, the United Arab Emirates' largest lender by assets, drew orders of more than EUR 1.1 billion for the EUR 750 million deal.

#### RETURN TO DEBT MARKETS

The deal came as Gulf borrowers were returning to debt markets after a war-induced slowdown; FAB had raised $700 million through a five-year senior unsecured sukuk in May. 

BBVA, HSBC, ICBC, Societe Generale and Standard Chartered acted as joint lead managers alongside FAB, with Standard Chartered as billing and delivery bank. 

#### PROCEEDS TIED TO ELIGIBLE PROJECTS

FAB said proceeds would be used to finance or refinance eligible green projects under its Sustainable Finance Framework. The notes were expected to be rated Aa3 by Moody's and AA- by S&P and Fitch.

Orders of more than EUR 1.1 billion exceeded the EUR 750 million size, allowing pricing to tighten from initial guidance of mid-swaps plus 100-105 basis points to mid-swaps plus 75 basis points.