Abu Dhabi Future Energy Company - Masdar, the UAE's clean energy powerhouse, said in a statement that it has raised $1 billion through the second issue of green bonds under its green financial framework.
Publish dateThursday 25 July 2024 - 15:37
Masdar's announcement states that this issuance consists of two parts in the amount of 500 million US dollars, with periods of 5 and 10 years and coupons of 4.875 and 5.25 percent.
The $1 billion in proceeds from the issuance will be used to fund Masdar's equity commitments in new greenfield projects as the company pursues a portfolio capacity of 100 GW by 2030.
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Source : news agency wam
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