Masdar Issues $1 Billion Green Bond to Invest in Greenfield Renewable Energy Projects
By Mark Segal
UAE-based clean energy-focused developer Masdar announced that it has raised $1 billion through the issuance of green bonds, with proceeds aimed at investing in new renewable energy projects.
According to Masdar, demand for the bonds was strong, with the offering 4.6x oversubscribed. The offering consisted of $500 million each of 5- and 10-year bonds, and final allocations consisted of 70% international investors, and 30% MENA-based investors.
Photo courtesy of andreas160578.
Source: ESG Today (link opens in a new window)
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