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Masdar announced the acquisition of one billion dollars through the second green bond

news agency wam , 25 Jul 2024 - 15:37

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.


According to Amac News: Masdar said that this amount of money will take place one year after the company's first issue of 750 million dollars in the international securities market of the London Stock Exchange.
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.
 


Story Code: 1058

News Link :
https://www.amacnews.com/en/news/1058/masdar-announced-the-acquisition-of-one-billion-dollars-through-second-green-bond

AMAC
  https://www.amacnews.com