Abu Dhabi in the future energy company, MasdarIt is notified that it issues another $ 1bn Green Bond, which leads to the Green Bond’s Green Bond program at $ 2.75bn, and strengthening the leadership leadership of the Sustainable Finance company.
The bond has been released by two equal shipment of $ 500m, with tenors five and 10 years and coupons 4.875 percent of each.
The bond attracts significant oversubscription of a peak stratehook of $ 6.6bn, with strong demand from two regional and international investors, including dedicated green funds.
Masdar Green Bond
Spreads US treasuries in the US reaches 80bps for 5-year tranche and 90bps for 10-year, which represents the most rigid price achieved in Masdar to today.
The allocation is completed in a separation of 85 percent of international investors and 15 percent of the MENA investors.
Masdar The widely recognizes a global lasting financial leader, with a series of green bonds of $ 750m and $ 1bn in 2023, which has been fully in new greenfield projects in developed economies.
The company’s Green Bond program is held by other spending activities, which in 2024 includes issuing $ 6bn to the development of failure in 11 new projects in nine countries.
Moamamed Jamahi Jamael Al Ramahive Officer of Masdar, said: “The third release shows continuous and growing trust in the Masdar investment newspaper.
“Funds raised will be critical to Masdar to meet portfolio capacity targets and to support us to change energy and economic growth, often more urgent investment needs.
“All revenues from our Bond program allocated exclusively to the development of new ‘Dark Green’s Energy projects” Investors are fully confident in how their money has been relied on. “
Mazin Khan, Chief Financial Officer of Masdar, said: “This latest green issuance of the bond, consistent with the Green Framework of Masdar, promotes strong financial trust and strategic direction.
“As we look at the enabling fair energy system, Masdar raises a large energy projects to support their part of the Green financing agenda.”
Masdar updated green financial framework in March this year, enhanced eligible criteria to include green hydrogen storage projects and standalone
Moody also confirms the quality of saving quality of SQS1 (best), the highest possible rating, for the updated Framework in April.
In accordance with Masdar’s corporate ratings, the third issue of the company’s bond is rated A1’s AA-Moody’s.
The joint leadership managers and Boockrunners in issue are:
- First Abu Dhabi Bank
- Abu Dhabi Commercial Bank
- JP Morgan
- on
- Intesa Sanpaolo
- Bank of China
- DBS Bank
- BNP Paribas
- Crédit Agricole
