iPhone | iPad
Android
Huawei
The dollar index rose by 0.01 per cent to 96.55.
Markets6 days ago
KT APPDOWNLOAD
Etihad raises $1.2 billion in sustainability-linked debt
Abu Dhabi - The airline said this was the first sustainability-linked loan in global aviation tied to ESG targets
Etihad Airways said on Wednesday it has raised $1.2 billion with a loan linked to environmental, social and governance (ESG) targets in global aviation.
The airline said this was the first sustainability-linked loan in global aviation tied to ESG targets, which relate to reducing carbon emissions and improving corporate governance in addition to advancing female participation.
“Through our Greenliner programme, we are pursuing multiple sustainability-related initiatives at Etihad Airways to improve the environmental footprint of aviation, and green financing is a key part of our strategy,” the group’s CFO Adam Boukadida said.
Etihad has committed to a target of net zero carbon emissions by 2050.
HSBC and FAB acted as joint ESG structuring banks, joint ESG coordinators, joint bookrunners and mandated lead arrangers. FAB also acted as facility agent.
Last year, Etihad raised $600 million in “transition” sukuk, or Islamic bonds, which are used by companies to switch to more environmentally sustainable operations.
It also raised a 100 million euro loan in 2019 tied to the United Nations Sustainable Development Goals. — Reuters
More news from Markets
Spot gold fell 0.03% to $1,808.46 per ounce at 9.10 am UAE time.
Markets6 days ago
On Thursday, the rupee had closed at 74.30 against the US dollar.
Markets1 week ago
Among the other variants, 22K was trading at Dh210.25.
Markets1 week ago
In Abu Dhabi, the index gained one per cent, to an-all-time high of 8,352 points, with the country’s largest lender First Abu Dhabi Bank (FAB) rising 2.4 per cent
Markets1 week ago
Private companies in technology, transport & logistics, healthcare, pharmaceutical, manufacturing, and agri-tech will be offered incentives to go public and list on the DFM
Markets1 week ago
Dubai Financial Market surges as investors cheer announcement to list Salik toll system on the exchange
Markets2 weeks ago
Stands at 175.73 as importers resort to panic buying of US dollar
Markets2 weeks ago