DUBAI - China Construction Bank (OTC:CICHF)'s (CCB) DIFC Branch has successfully issued a $600 million green bond on Nasdaq Dubai. The bond, which underscores the bank's dedication to sustainable development, is earmarked for financing a variety of environmentally focused projects in the Middle East region.
The green bond will channel funds into regional initiatives that prioritize renewable energy, energy efficiency, seawater desalination, and emission reduction. These projects are integral to the bank's strategy to support environmentally sustainable economic growth within the United Arab Emirates (UAE) and its neighboring areas.
With the addition of CCB's green bond, Nasdaq Dubai's total ESG listings have reached an impressive $27.05 billion. This milestone reflects the growing trend of ESG investments and the increasing role of sustainable finance in the global markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.