Title: Emirates NBD Launches First Green Bonds

According to a banking document reviewed by Reuters on Tuesday, Emirates NBD, the largest bank in Dubai, is set to raise $750 million from its first green bonds issuance. The document indicates that the issue price has been set at 120 basis points over U.S. Treasury bonds, which is lower than the initial guidance provided by the bank earlier in the day at around 140 basis points over U.S. Treasuries, following demand exceeding $1.90 billion. This issuance, consisting of dollar-denominated, unsecured green bonds with a five-year term, is part of the bank's $20 billion medium-term international bond program.