Search Site

Trends banner

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

Mubadala issues its first-ever Green Bond for $750m

The bond issue comes a month ahead of COP28 later this year.
  • The order books peaked at more than $6 billion with robust demand from local, European, Asian, and American accounts
  • The transaction further diversified Mubadala’s debt investors base by bringing in new investors, as a large proportion of demand came from new investors

Abu Dhabi, UAE – Mubadala has issued its first-ever Green Bond for US$750 million with a tenor of 10.5 years, at a yield of 6.03 percent and coupon at 5.875 percent. The issue saw strong demand from the market.

The order books peaked at more than $6 billion with robust demand from local, European, Asian, and American accounts.

Oversubscription peaked at 9.1x making it one of the most oversubscribed issues during 2023.

The transaction further diversified Mubadala’s debt investors base by bringing in new investors, as a large proportion of demand came from new investors who had never invested in Mubadala’s bonds.

The receipts will be invested in categories aligned with the Green Financing Network.

The bond issue comes a month ahead of COP28 later this year.

“Responsible Investing has been at the core of Mubadala’s operating model since we were established, and remains central to our investment approach today. Mubadala partners with governments, businesses, investment peers and industry leaders around the world to help find solutions to global challenges,” Carlos Obeid, Chief Financial Officer of Mubadala Investment Company, said.

“The depth, diversity, and strength of the orderbook for our first Green Bond further validate our ability to tap debt markets across economic cycles and in various economic conditions,” he added.