DUBAI: US mortgage loan company Fannie Mae has reached $100 billion in its green bond issuances, which it claims to be a major milestone in “greening the US housing stock”, Arab News reported. The company began issuing green multifamily mortgage-backed securities over 10 years ago to support both sustainable and affordable housing through its “Green Building Certification” … Read more
JEDDAH: Saudi Arabia is SR24 billion ($6.4 billion) short of its borrowing plan for 2021 and considering issuing more green bonds, Arab News quoted the head of the Saudi national debt office Hani Al-Medaini, as saying during an interview. The kingdom plans to raise SR124 billion and it managed to get SR100 billion of that … Read more
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified guidelines for the issuance of green bonds and sukuk to contribute positively towards the protection of environment, combat climate change and promote green finance, a statement said on Friday. “The guidelines, describing the procedure for issuing green instruments, would also facilitate the issuers of … Read more
