Photo from Masdar.

Masdar lists secondary $750m green bond

The ten-year bond will mature in July 2023.

United Arab Emirates-based energy firm Masdar has made its secondary listing of a $750m green bond at the Abu Dhabi Securities Exchange.

In a statement, Masdar said the secondary listing is a ten-year bond that was 5.6 times oversubscribed, with a 4.876% coupon rate.

ALSO READ: Masdar completes $750m green bond issuance

Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, said the proceeds from the bond will be used to fund renewable projects in developing countries.

“Ahead of COP28, Masdar’s Green Bond bridges the financing gap between the Global North and the Global South, meeting a critical need for an equitable and inclusive energy transition,” he said.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Cambodia’s 18-year energy plan sets ambitious targets for renewables
To attain energy security, Cambodia will have to overcome investment challenges, cut wasteful consumption, and review pricing policies. 
Asia needs natural gas to balance ‘energy trilemma’
Natural gas is cleaner than coal and would support the intermittency of renewables, ANGEA said.