– Masdar, Abu Dhabi’s clean-energy firm, raised $1 billion through its second green bond issuance, featuring two $500 million tranches with tenors of five and ten years and coupons of 4.875% and 5.25%, respectively.

– The issuance saw strong demand, with the order book peaking at $4.6 billion, representing an oversubscription rate of 4.6 times. The allocation was split with 70% going to international investors and 30% to MENA investors.

– The proceeds will be used to fund Masdar’s equity investments in new greenfield projects, particularly in developing economies, as part of the company’s goal to reach a portfolio capacity of 100GW by 2030.

Abu Dhabi’s clean-energy firm Masdar has secured $1 billion through its second green bond issuance, consisting of two $500 million tranches. These tranches have tenors of five and ten years, with coupons set at 4.875% and 5.25%, respectively.

The renewable-power company reported that the order book reached a peak of $4.6 billion, indicating an oversubscription rate of 4.6 times. The allocation was divided with 70% going to international investors and 30% to MENA investors.

Proceeds from this issuance will support Masdar’s equity investments in new greenfield projects, many of which are in developing economies. The company aims to achieve a portfolio capacity of 100GW by 2030.

Under its Green Finance Framework, Masdar intends to raise up to $3 billion in green bonds. This marks the second issuance of its kind, following a $750 million debut green bond sale in 2023 on the London Stock Exchange.

Abu Dhabi government-owned energy company TAQA holds a 43% stake in Masdar, Mubadala owns 33%, and state energy major ADNOC has 24%.