Primary DebtData
FAB prices $272.3m three-year digital green notes on Euroclear D-FMI
First Abu Dhabi Bank settles digitally native green notes, first such format from MENA region.
First Abu Dhabi Bank priced $272.3 million three-year digitally native green notes on Euroclear's digital securities platform on an undisclosed date in December 2024. The notes were issued in AED 1 billion denomination and settled on Euroclear D-FMI, the bank stated in a December 2024 announcement. The transaction represents the first digital green bond from the Middle East and North Africa region, according to the bank's statement.
Digital green bond format and settlement infrastructure#
The notes are digitally native securities, issued and settled entirely on Euroclear's distributed financial market infrastructure. The format differs from conventional bond settlement by recording ownership and transfers on a digital ledger operated by Euroclear. The three-year tenor runs from settlement date, with maturity falling in December 2027. The bank did not disclose the profit rate, spread to benchmark, order book size or lead arrangers in the statement reviewed. Euroclear D-FMI operates as a regulated platform for digital securities issuance and settlement, providing infrastructure for tokenised financial instruments.
Green use of proceeds and eligibility criteria#
The notes carry a green label, indicating proceeds are allocated to projects meeting environmental criteria. The bank did not specify which projects will receive funding or the eligibility framework applied. Green bond proceeds typically finance renewable energy, energy efficiency or sustainable infrastructure under frameworks verified by external reviewers. No verifier or framework document was named in the statement. The AED 1 billion proceeds will be directed to green projects, though the bank did not publish a breakdown of allocation categories or expected environmental impact metrics.
MENA digital issuance record and regional context#
The transaction is the first digital green bond issued by a MENA region entity, according to the bank's statement. No prior digitally native green note from a Middle East or North Africa issuer was identified in the announcement. The bank did not provide comparative data on digital bond issuance volumes or prior digital format transactions it has completed. First Abu Dhabi Bank operates as a commercial bank headquartered in Abu Dhabi, United Arab Emirates.
Sources1 source across 1 domain
- forbesmiddleeast.comForbes Middle EastFAB issued $272.3 million three-year digitally native green notes, first digital green bond from MENA region, settled on Euroclear D-FMI
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