First Abu Dhabi Bank issued a USD 20 million three-year blue bond on 9 October 2025, its second blue bond following an inaugural issuance in August 2025. The two transactions together bring FAB's cumulative blue bond issuances to USD 70 million within approximately two months. The proceeds will fund water infrastructure projects.
Proceeds from the bond are directed to two specific projects: wastewater treatment facilities in Abu Dhabi and Al Ain with a combined capacity of 430,000 cubic metres per day and a desalination plant with a daily capacity of 37 million litres powered by renewable energy. Both projects fall within the eligible categories established by FAB's Sustainable Finance Framework, published in 2023, and the bond conforms to the International Capital Market Association's Green Bond Principles, which provide the recognised market standard for environmental use-of-proceeds instruments.
FRAMEWORK
FAB's Sustainable Finance Framework 2023 sets out the eligible project categories, selection and evaluation criteria, and governance arrangements that govern the allocation and monitoring of proceeds from labelled bonds.
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