IsDB issues first sustainability $1.5b Sukuk – Emirates NBD Capital

IsDB issues first sustainability $1.5b Sukuk – Emirates NBD Capital

Emirates NBD's investment banking arm was the joint lead manager and bookrunner for the IsDB's transaction, according to a press release on Sunday.. The bank became the first AAA-rated institution and the Middle East's first socially-oriented banking institution to issue a Green Sukuk in November 2019 to fund environmentally friendly development projects..