Abu Dhabi Future Energy Company PJSC – Masdar has announced the issuance of a new $1 billion green bonds, bringing its cumulative green bond portfolio to $2.75 billion and reinforcing its global leadership in sustainable finance.
"This third issuance demonstrates the continued and growing confidence the investment community places in Masdar’s financial strength and long-term vision. The funds raised will enable us to support energy transformation across the globe, especially in emerging markets and developing economies, which are often in most urgent need of investment. All proceeds from our bond program are allocated exclusively to the development of new "dark green" renewable energy projects, giving investors complete confidence as to how their money is being spent," - said Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar.
The bond was issued in two equal tranches of US$500 million, with tenors of 5 and 10 years and coupon rates of 4.875% and 5.375%, respectively. It attracted strong investor interest, with a peak orderbook reaching US$6.6 billion, reflecting significant oversubscription, said the company in its statement.
Demand came from both regional and international investors, including dedicated green funds. Spreads over U.S. Treasuries were 80 basis points for the 5-year tranche and 90 basis points for the 10-year—marking the tightest pricing Masdar has achieved to date. Final allocation was split 85% to international investors and 15% to those from the MENA region, the statement reads.
Mazin Khan, Chief Financial Officer of Masdar, stated that the latest green bond issuance—aligned with Masdar’s Green Finance Framework—“underscores the strong investor confidence in our financial resilience and strategic direction.” He added that the proceeds will support the development of new clean energy projects both domestically and internationally, offering investors a meaningful opportunity to contribute to the global green financing agenda.
Masdar updated its Green Finance Framework in March this year, with the eligibility criteria expanded to include green hydrogen and standalone battery storage projects. Moody’s reaffirmed its Sustainability Quality Score of SQS1 (Excellent), the highest possible rating, for the updated framework in April.
In line with Masdar’s corporate credit ratings, the company’s third bond issuance was rated AA- by Fitch and A1 by Moody’s. The joint lead managers and bookrunners on the issuance were First Abu Dhabi Bank, Abu Dhabi Commercial Bank, J.P. Morgan, ING, Intesa Sanpaolo, Bank of China, DBS Bank, BNP Paribas and Crédit Agricole.
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Abu Dhabi Future Energy Company PJSC – Masdar has announced the issuance of a new $1 billion green bonds, bringing its cumulative green bond portfolio to $2.75 billion and reinforcing its global leadership in sustainable finance.
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Ukrainian President Volodymyr Zelenskyy will attend Pope Leo’s inaugural Mass on Sunday in St. Peter’s Square, joined by U.S. Vice President J.D. Vance and Secretary of State Marco Rubio.
The Israeli Defense Forces launched Operation Gideon’s Chariots on Saturday, intensifying airstrikes and deploying troops in Gaza to defeat Hamas and free hostages amid mounting civilian casualty concerns.
A new round of Gaza ceasefire negotiations between Hamas and Israel is underway in Qatar's Doha, Hamas official Taher al-Nono told Reuters on Saturday.
Abu Dhabi Future Energy Company PJSC – Masdar has announced the issuance of a new $1 billion green bonds, bringing its cumulative green bond portfolio to $2.75 billion and reinforcing its global leadership in sustainable finance.
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