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Deutsche Bank, UAE's FAB execute Middle East's first green repo transaction

First Abu Dhabi Bank (FAB), the UAE's largest bank, has executed the first green repurchasing (repo) transaction in the Middle East, structured with Deutsche Bank. A repurchase agreement (repo) is collateralised borrowing undertaken by a bank as part of interbank financing. Under this agreement, FAB received EM Eurobonds collateral from…

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