The Nasdaq Dubai exchange welcomed the debut green bond listing of Dubai party hotel operator Five Holdings, the exchange said in a statement yesterday. The inaugural listing by Five marks its first appearance on the exchange.

About the green bond issuance: The debut green bond amounts to USD 350 mn with a coupon rate of 9.375%. Its maturity is set for 2028, according to the statement, which added that the listing “underlines Five’s steadfast commitment to sustainable finance and its consistent leadership in Environmental, Social, and Governance (ESG) practices.”

A W for all: The listing of Five’s green bond boosted Nasdaq Dubai’s total value of ESG classified bonds and sukuk listings, bringing it up to USD 26.7 bn. It also contributed to bringing the total value of debt listed on the exchange to USD 118.34 bn, according to the statement.