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Top UAE bank FAB raises $700m through green bonds

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DUBAI, Oct 6 (Reuters) – First Abu Dhabi Bank (FAB.AD) The company launched $700 million in five-year green bonds at a premium of 125 basis points to U.S. Treasuries, a bank filing showed on Thursday.

Pricing tightened by 145-150 basis points from initial UST guidance after the order topped $1.65 billion, the filing showed.

Reporting by Youssef Saba; Editing by Kirsten Donovan



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