HSBC, BNP Paribas, First Abu Dhabi Bank and Societe Generale acted as global coordinators for the bond issue, according to Reuters.
Etisalat, which increased its foreign ownership limit from 20 per cent to 49 per cent in January to attract more external investors, reported a 3.8 per cent rise in net profit to Dh9.03bn last year despite a marginal decline in revenue.
The telecoms operator, which was established more than four decades ago and has its headquarters in Abu Dhabi, has 149 million subscribers in 16 countries in the Middle East, Africa and Asia. Sixty per cent of the company is owned by the Emirates Investment Authority, while the remainder is floated on the ADX.
Bladex Announces The Issuance Of Its First Best Efforts ESG Bond
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PANAMA CITY, May 4, 2021 /PRNewswire/ Banco Latinoamericano de Comercio Exterior, S.A. ( Bladex or the Bank ), announced the issuance of its first Best Efforts ESG (environmental, social and governance) bond, the net proceeds of which will be deployed on a best effort basis to fund initiatives with positive environmental and social impacts. The bond was issued under the Bank s Euro Medium Term Note program, for a notional amount of US$50 million and matures in 2024. It pays a fixed rate coupon of 1.35%.
Abu Dhabi: Abu Dhabi Ports has issued $1 billion 10 year bonds under its recently established Euro Medium Term Note Programme (EMTN Programme).
The bond will be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX).
The issuance was more than 4.5 times over-subscribed. It will mature on 6 May 2031 and carris a coupon of 2.5 per cent per annum.
Proceeds will be used for general corporate purposes and debt refinancing. The settlement of the offering is expected to occur on 6 May 2021 and is subject to customary settlement conditions.
Citi, First Abu Dhabi Bank and Standard Chartered Bank acted as Joint Global Coordinators for the transaction along with HSBC, Mizuho and Societe Generale as active Joint Lead Managers and Joint Bookrunners and BNP Paribas, Credit Agricole CIB and SMBC Nikko acted as passive Joint Lead Managers.
ZF Friedrichshafen has issued a green bond for the first time.
The company is using the proceeds of EUR500m (US$605m) to finance its wind power and electric mobility business. With this green bond, we have created an attractive financial instrument that helps us to finance sustainable future technologies, said ZF CFO, Konstantin Sauer. We are addressing new investors and can align our financing with our sustainability goals and our Next Generation Mobility strategy.
ZF s strategy is to be entirely climate-neutral by 2040.
The bond issued by ZF Finance on the Luxembourg stock exchange, targeted at institutional investors, was six-times oversubscribed. It has a six-year term and a yield of 2%. ZF made the issue as part of its EMTN (Euro Medium Term Note) programme set up last year, allowing faster and more flexible issue of bonds.