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.

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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.