{"id":322517,"date":"2021-06-30T12:29:57","date_gmt":"2021-06-30T12:29:57","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322517"},"modified":"2021-06-30T12:29:57","modified_gmt":"2021-06-30T12:29:57","slug":"cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/","title":{"rendered":"CIB gets FRA&#8217;s approval to issue Egypt&#8217;s first corporate green bonds"},"content":{"rendered":"<p>The Commercial International Bank-Egypt (CIB) announced that the subscription is opened\u00a0for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.<\/p>\n<p>The value of the private placement amounts to $100 million in non-callable fixed-rate bonds, CIB said in a bourse disclosure on Wednesday.<\/p>\n<p>Proceeds from the five-year bonds will be used to finance a portfolio of green loans provided by CIB to its corporate as well as medium- and small-enterprise (SME) customers, in addition to financing the bank&#8217;s green building capital expenditure for up to 20% of the proceeds.<\/p>\n<div id=\"Outstream\"><\/div>\n<p>The International Finance Corporation (IFC) has committed to subscribe to the full value of the issue.<\/p>\n<p>The proceeds will further be used to finance several categories such as green buildings, energy efficiency, renewable energy, water and wastewater management, and clean transportation.<\/p>\n<p>The CIB will publish its green bonds framework,\u00a0audited by Moody&#8217;s Vigeo Eiris, this week, setting out the parameters for the use of proceeds, eligibility, selection criteria for the projects, management of proceeds, and reporting and impact evaluation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.  <\/p>\n","protected":false},"author":4,"featured_media":320003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[],"class_list":["post-322517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIB gets FRA&#039;s approval to issue Egypt&#039;s first corporate green bonds - egy-africa<\/title>\n<meta name=\"description\" content=\"The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB gets FRA&#039;s approval to issue Egypt&#039;s first corporate green bonds - egy-africa\" \/>\n<meta property=\"og:description\" content=\"The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T12:29:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/\",\"name\":\"CIB gets FRA's approval to issue Egypt's first corporate green bonds - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1\",\"datePublished\":\"2021-06-30T12:29:57+00:00\",\"dateModified\":\"2021-06-30T12:29:57+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\"},\"description\":\"The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1\",\"width\":750,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIB gets FRA&#8217;s approval to issue Egypt&#8217;s first corporate green bonds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131\",\"name\":\"Aya Abdulghany\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g\",\"caption\":\"Aya Abdulghany\"},\"sameAs\":[\"http:\/\/egy-africa.com\",\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CIB gets FRA's approval to issue Egypt's first corporate green bonds - egy-africa","description":"The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/","og_locale":"en_US","og_type":"article","og_title":"CIB gets FRA's approval to issue Egypt's first corporate green bonds - egy-africa","og_description":"The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.","og_url":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/","og_site_name":"egy-africa","article_published_time":"2021-06-30T12:29:57+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1","type":"image\/jpeg"}],"author":"Aya Abdulghany","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aya Abdulghany","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/","url":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/","name":"CIB gets FRA's approval to issue Egypt's first corporate green bonds - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1","datePublished":"2021-06-30T12:29:57+00:00","dateModified":"2021-06-30T12:29:57+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131"},"description":"The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the Financial Regulatory Authority (FRA) on 21 June.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1","width":750,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2021\/06\/30\/cib-gets-fras-approval-to-issue-egypts-first-corporate-green-bonds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"CIB gets FRA&#8217;s approval to issue Egypt&#8217;s first corporate green bonds"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/b6ceac9edb8a4f4971905ea65a568131","name":"Aya Abdulghany","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f3d34a871038964ff1f9085ae2941bc2?s=96&d=mm&r=g","caption":"Aya Abdulghany"},"sameAs":["http:\/\/egy-africa.com","mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/aya-abdulghany\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/CIB-branch-1600px.jpg?fit=750%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1lTT","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/322517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=322517"}],"version-history":[{"count":2,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/322517\/revisions"}],"predecessor-version":[{"id":322519,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/322517\/revisions\/322519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/320003"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=322517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=322517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=322517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}