Abu Dhabi Future Energy Company PJSC (Masdar) has completed issuing its first green bonds for $750m 10-year senior unsecured Notes on the London Stock Exchange (LSE).
The market opening was attended by HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate and Chairman of Masdar, HE Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Ambassador HE Mansoor Abulhoul, UAE Ambassador to the UK, and Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi.
Masdar’s bond offering on the LSE on July 19 was more than five times oversubscribed with strong appetite from regional and international investors.
The Abu Dhabi-based company has developed over 20GW of renewables capacity across more than 40 countries, investing more than $30bn, and is targeting a 100GW portfolio by 2030. The UAE will be hosting the upcoming UN climate change conference, COP28, with Dr Al Jaber as President-Designate.
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