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First Abu Dhabi Bank (FAB) has priced a 200 million Swiss franc ($213.8 million) four-year green bond issue at SARON (Swiss Average Rate Overnight) + 54 basis points and a coupon of 1.0625%.
Pricing of the deal compares favourably to the bank’s USD funding levels when swapped back to USD as well as priced inside FAB’s CHF curve, the lender said in a statement on Friday.
The bond, executed under FAB’s Sustainable Finance Framework, was the bank's second green issuance this year, following the 500 million euro green bond issued last week.
(Writing by Brinda Darasha; editing by Daniel Luiz)