Latest news with #sustainablebonds
Zawya
6 days ago
- Business
- Zawya
Saudi Arabia, UAE lead sustainable bond issuances in MENA
Saudi Arabia topped the Middle East and North Africa (MENA) for sustainable bond issuances in the first six months of 2025, driven by Vision 2030 infrastructure spending, according to Bloomberg's Capital Markets League Tables. Issuances from the kingdom reached $6.25 billion in H1 2025, a 25% increase year-on-year (YoY) and accounting for 66% of total green, social, sustainable, and sustainability-linked (GSSS) bond activity in the region. The Saudi government led with a $1.58 billion issuance, while Al Rajhi Bank issued two sustainable sukuks totaling $1.7 billion. Additional issuers included Saudi Electricity Company ($1.25 billion), Alinma Bank ($500 million), and Saudi Awwal Bank with a $650 million additional tier 1 (AT1) sukuk. Annual regional GSSS issuances fell 4.4% to $9.47 billion in the first six months of 2025 from $9.91 billion a year earlier, impacted by higher global interest rates and a pause in deals from Egypt and Qatar. The UAE contributed the remaining 34% of the total, with $3.22 billion in GSSS issuances. Notable issuances were from National Central Cooling Company (Tabreed) at $700 million and real estate developer Omniyat, which raised $500 million, according to Bloomberg. Islamic instruments dominated the regional sustainable debt issuances, totaling $6.8 billion — a 17% YoY increase. AT1 issuance reached $3.15 billion — the highest first-half total in the past five years. AT1 issuances help banks comply with the Basel 3 framework ahead of the initial phase implementation in 2026. 'The sustainable bond market in Saudi Arabia and the UAE continues to mature and evolve,' Venty Mulani, Data Specialist - Sustainable Fixed Income, Bloomberg, said.
Bloomberg
10-07-2025
- Business
- Bloomberg
US ESG Market Is Dominated by Foreign Companies More Than Ever
The US market for sustainable bonds is being crowded by foreign companies this year more than ever, as political backlash and negligible pricing benefits continue to keep American companies on the sidelines. Foreign firms account for 89% of green, social, sustainability and sustainability-linked corporate-securities sales in dollars this year, up from 76% through the first half of last year and just 30% in 2020, BloombergNEF data through the end of June shows.
Zawya
21-05-2025
- Business
- Zawya
AfDB to back Egypt's upcoming sustainable Samurai Bonds issue with $400mln PCG
Arab Finance: The African Development Bank (AfDB) is planning to provide a partial credit guarantee (PCG) worth $400 million, or its equivalent in Japanese yen, to support Egypt's upcoming issuance of sustainable Samurai bonds, Abdourahmane Diaw, the bank's Country Manager for Egypt, told Al Arabiya Business. The guarantee proposal is expected to be presented to the AfDB Board of Directors in September 2025, Diaw highlighted. He also stated that the proposed guarantee would support the Egyptian government to issue sustainable Samurai bonds worth up to $500 million, which will be offered in the Japanese market. This move reflects the bank's ongoing commitment to support innovative green finance instruments, Diaw said. In May 2023, the AfDB approved a $330 million PCG for Egypt's debut sustainable Panda bonds, which were issued in China's financial markets. For 2025, the AfDB has allocated a total of $746 million in funding to Egypt, Diaw noted, adding that this sum covers both sovereign and non-sovereign operations, including support for four key strategic projects. According to Diaw, the AfDB's current portfolio in Egypt amounts to approximately $2.045 billion, spanning sovereign and non-sovereign projects. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
