Housing Bank Issues Jordan's First Blue Bond in Partnership with the European Bank for Reconstruction and Development
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Housing Bank has issued Jordan's first Blue Bond, valued at USD 100 million, as part of a USD 200 million issuance program developed in partnership with the European Bank for Reconstruction and Development (EBRD). The program will be rolled out in phases, with net proceeds allocated to financing sustainable projects, primarily focused on water resource management and the National Water Carrier Project. The issuance underscores Housing Bank's commitment to advancing sustainable finance through innovative financial instruments.اضافة اعلان
The issuance ceremony was attended by the Chief Executive Officer of Housing Bank, Ammar Al-Safadi; Director, Head of Financial Institutions Middle East and Africa at EBRD, Mike Taylor; and representatives from both institutions.
The Blue Bond marks a significant milestone for Housing Bank, further diversifying its sustainable funding sources while reinforcing its leadership in financial innovation. Structured in line with international best practices, the bond will help channel investment into projects that strengthen environmental sustainability, climate resilience, and long-term economic development, supporting both the bank's sustainability strategy and the Central Bank of Jordan's broader vision for sustainable finance.
The bonds are issued under Housing Bank’s Green Bond Framework, which is aligned with the International Capital Market Association’s Green Bond Principles and the Guidelines for Blue Finance of the International Finance Corporation. It is the first Blue Bond issuance in Jordan and in the wider Southern and Eastern Mediterranean region (SEMED).
Commenting on the issuance, Ammar Al-Safadi, said, “The launch of Jordan's first Blue Bond marks an important milestone for the Kingdom's capital market. As a dedicated financing instrument, it will support projects that protect and sustainably manage water resources, preserve ecosystems, and develop critical infrastructure, contributing to Jordan's long-term water security while reinforcing the country's position as a regional leader in sustainable finance.”
Al-Safadi added that the issuance reflects Housing Bank's pioneering role in driving economic development by delivering integrated financing solutions for strategic national projects, particularly the National Water Carrier Project. In 2025, the bank led the arrangement of a syndicated loan worth approximately JOD 800 billion to support the Project.
Mike Taylor, EBRD Director, Financial Institutions said: “Jordan’s first Blue Bond is a landmark transaction that strengthens the link between sustainable finance and Jordan’s water-security priorities. We are proud to build on our strong partnership with Housing Bank, which marks a significant step forward for sustainable finance in Jordan and helps pave the way for future thematic bond issuances across the region.”
The National Water Carrier Project is the largest water infrastructure initiative in Jordan's modern history. Once completed, it will supply approximately 300 million cubic meters of potable water annually to Aqaba, Amman, and other governorates, meeting the needs of around four million people. The Project is expected to significantly strengthen Jordan's water security, support sustainable economic growth, and demonstrate the vital role of the banking sector in enabling large-scale national development projects.
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About Housing Bank
The issuance ceremony was attended by the Chief Executive Officer of Housing Bank, Ammar Al-Safadi; Director, Head of Financial Institutions Middle East and Africa at EBRD, Mike Taylor; and representatives from both institutions.
The Blue Bond marks a significant milestone for Housing Bank, further diversifying its sustainable funding sources while reinforcing its leadership in financial innovation. Structured in line with international best practices, the bond will help channel investment into projects that strengthen environmental sustainability, climate resilience, and long-term economic development, supporting both the bank's sustainability strategy and the Central Bank of Jordan's broader vision for sustainable finance.
The bonds are issued under Housing Bank’s Green Bond Framework, which is aligned with the International Capital Market Association’s Green Bond Principles and the Guidelines for Blue Finance of the International Finance Corporation. It is the first Blue Bond issuance in Jordan and in the wider Southern and Eastern Mediterranean region (SEMED).
Commenting on the issuance, Ammar Al-Safadi, said, “The launch of Jordan's first Blue Bond marks an important milestone for the Kingdom's capital market. As a dedicated financing instrument, it will support projects that protect and sustainably manage water resources, preserve ecosystems, and develop critical infrastructure, contributing to Jordan's long-term water security while reinforcing the country's position as a regional leader in sustainable finance.”
Al-Safadi added that the issuance reflects Housing Bank's pioneering role in driving economic development by delivering integrated financing solutions for strategic national projects, particularly the National Water Carrier Project. In 2025, the bank led the arrangement of a syndicated loan worth approximately JOD 800 billion to support the Project.
Mike Taylor, EBRD Director, Financial Institutions said: “Jordan’s first Blue Bond is a landmark transaction that strengthens the link between sustainable finance and Jordan’s water-security priorities. We are proud to build on our strong partnership with Housing Bank, which marks a significant step forward for sustainable finance in Jordan and helps pave the way for future thematic bond issuances across the region.”
The National Water Carrier Project is the largest water infrastructure initiative in Jordan's modern history. Once completed, it will supply approximately 300 million cubic meters of potable water annually to Aqaba, Amman, and other governorates, meeting the needs of around four million people. The Project is expected to significantly strengthen Jordan's water security, support sustainable economic growth, and demonstrate the vital role of the banking sector in enabling large-scale national development projects.
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About Housing Bank
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