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.
Content retrieved from: https://www.esgtoday.com/masdar-issues-1-billion-green-bond-to-invest-in-greenfield-renewable-energy-projects/.
