RIYADH: Abu Dhabi-based Masdar has concluded its first green bond issuance of $750 million, aiming to exclusively use the proceeds to fund renewable projects in developing and climate-vulnerable countries.
The bond, sold through 10-year unsecured notes, was 5.6 times oversubscribed as Masdar currently holds an order book of $4.2 billion.
In a press release, Masdar said the pricing was tightened 35 basis points between launch and final terms, with a final landing spread of 115 bps over US Treasuries and a coupon of 4.875…
