It’s kinda easy being green

It’s kinda easy being green

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It seems like everyone wants a piece of that green revolution. The stock market included! Abu Dhabi Securities Exchange (ADX) announced the listing of its first green bond, issued by Sweihan PV Power Company, which built, owns, and operates solar power project Noor Abu Dhabi. The deal sees a secondary bond listing of $700m of fixed-rate amortizing senior secured green bonds, taking the total number of debt instruments listed on ADX to 28.

It’s not the only bourse that's been looking to clean up its green credentials — over in the US, the Biden administration last month proposed new requirements for publicly traded companies, requiring them to report information on greenhouse-gas emissions and risks related to climate change.

Why it matters

The listing in Abu Dhabi comes under the exchange's ADX One strategy of "attracting new listings and innovative product offerings." It is also part of the emirate's plans to establish itself as a "green bond hub."

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