Abu Dhabi, UAE — Abu Dhabi Future Energy Company (Masdar) said it has issued another US$1 billion green bond, bringing the total outstanding under its green bond program to US$2.75 billion, and reinforcing the company’s global leadership position in sustainable finance.
The bond was issued in two equal tranches of US$500 million, with tenors of 5 and 10 years and coupons of 4.875 percent and 5.375 percent respectively.
The bond attracted significant oversubscription with a peak orderbook of US$6.6 billion, with strong demand from both regional and international investors, including dedicated green funds.
Spreads over US Treasuries landed at 80bps for the 5-year tranche and 90bps for the 10-year, representing the tightest pricing achieved on Masdar’s issuances to date. Allocation was finalized with a split of 85 percent to international investors and 15 percent to MENA investors.
Masdar is widely recognized as a global leader in sustainable finance, with successive green bonds of US$750 million and US$1 billion in 2023 and 2024, which have been fully allocated to new greenfield projects in developed and developing economies.
The company’s green bond program is complemented by its other financing activities, which in 2024 included the issuance of US$6 billion of non-recourse financing for the development of more than 11 gigawatts (GW) of clean energy capacity across 12 new projects in nine countries.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said, “This third issuance demonstrates the continued and growing confidence the investment community places in Masdar’s financial strength and long-term vision.
