Masdar raises $1bn through green bond issuance
Masdar has issued another $1 billion green bond, bringing the total outstanding under its green bond program to $2.75 billion, and reinforcing the company's global leadership position in sustainable finance.
The bond was issued in two equal tranches of $500 million, with tenors of 5 and 10 years and coupons of 4.875% and 5.375% respectively.
The bond attracted significant oversubscription with a peak orderbook of $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 tranch and 90bps for the 10-year, representing the tightest pricing achieved on Masdar's issuances to date.
Allocation was finalised with a split of 85 per cent to international investors and 15 per cent to MENA investors.
Masdar is widely recognised as a global leader in sustainable finance, with successive green bonds of $750 million and $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 $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. The funds raised will be critical in Masdar achieving its portfolio capacity targets and will enable us to support energy transformation across the globe, especially in emerging markets and developing economies, which are often in most urgent need of investment. All proceeds from our bond program are allocated exclusively to the development of new 'dark green' renewable energy projects, giving investors complete confidence as to how their money is being spent.'
Mazin Khan, Chief Financial Officer of Masdar, said:' This latest green bond issuance, aligned with Masdar's Green Finance Framework, underscores the overwhelming investor confidence in our financial resilience and strategic direction. As we look to deliver the equitable energy system of tomorrow, Masdar is raising sustainable finance on an industrial scale to support the development of new clean energy projects, both at home and internationally, giving investors the opportunity to play their part in the green financing agenda.'
Masdar updated its Green Finance Framework in March this year, with the eligibility criteria expanded to include green hydrogen and standalone battery storage projects. Moody's reaffirmed its Sustainability Quality Score of SQS1 (Excellent), the highest possible rating, for the updated framework in April.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Trade Arabia
a day ago
- Trade Arabia
Burjeel Holdings to manage Adnoc's new Das Hospital
Burjeel Holdings, a leading super-specialty healthcare provider in the MENA region, listed on the Abu Dhabi Securities Exchange, has signed a contract to operate and manage Adnoc's Das Hospital at Das Island. This agreement supports Adnoc's commitment to strengthening emergency preparedness, improving healthcare accessibility, and promoting community wellbeing at Das Island, a statement said. The new Das Hospital is designed to serve as the primary healthcare and emergency response hub for Das Island residents. With its advanced infrastructure and comprehensive range of services, the facility will provide round-the-clock care for Adnoc's workforce, residents, and emergency medical cases arising from nearby locations. Dr Ghuwaya Al Neyadi, SVP, Group Medical & Wellbeing, ADNOC, said: 'Through this partnership with Burjeel Holdings, Adnoc's state-of-the-art Das Hospital will provide access to top-tier healthcare and emergency services for our employees, reinforcing our Energy for Wellbeing strategy. Our people are our most important asset and Adnoc will continue to prioritize their wellbeing and foster a healthy working environment." Burjeel Holdings will oversee all clinical and administrative functions of the hospital. The facility includes a broad range of outpatient specialties—such as general surgery, internal medicine, family medicine, occupational health, ENT, dental, ophthalmology, and cardiac and pulmonary unit. It also houses a fully equipped emergency department with a minor operating room, licensed pharmacies, and a dedicated blood bank. John Sunil, Group CEO of Burjeel Holdings, said: 'We are proud to strengthen our partnership with Adnoc through the management of the new Das Hospital. This initiative reflects our continued commitment to extending advanced, high-quality healthcare to strategic and remote locations. Burjeel Holdings remains dedicated to clinical excellence, innovation, and agile operations in support of Adnoc's vision for a safer and healthier future.' Inpatient care is supported by 23 beds across male and female quarantine and critical care units, with the capability to manage both acute and chronic cases. The facility is further supported by advanced diagnostic imaging including X-ray, CT scan, and ultrasound, along with a dedicated physiotherapy and rehabilitation unit. Purpose-built for resilience and emergency responsiveness, the hospital includes a decontamination unit, ambulance bays, and a helipad to support medical evacuations from Das Island. Tele-consultation and tele-counselling services, vaccination programs, and health education initiatives will further enhance access and continuity of care. – TradeArabia News Service
Trade Arabia
a day ago
- Trade Arabia
Wizz Air Abu Dhabi launches Beirut flights
Wizz Air Abu Dhabi, the ultra-low-fare national airline of the UAE, has launched its inaugural flight to Beirut. This milestone reinforces the airline's commitment to expanding its network across the Middle East and making travel more accessible, affordable and inclusive for everyone in the UAE. The new route operates three times per week on Mondays, Wednesdays and Fridays, with one-way fares starting from just AED249. As the only ultra-low-cost carrier flying directly from Abu Dhabi to Lebanon, Wizz Air Abu Dhabi offers UAE residents, including the large Lebanese community, a convenient, cost effective and smart travel option. The route makes it easier for families to reunite, for tourists to explore Lebanon's rich culture, and for more people to fly often without compromise. The inaugural flight was celebrated at Beirut-Rafic Hariri International Airport with a media and stakeholder conference attended by government officials, airport executives, and senior representatives from Wizz Air Abu Dhabi. Speaking at the press conference in Beirut, Tamara Vallois, Head of Commercial at Wizz Air said: 'Today marks a historic occasion of Wizz Air Abu Dhabi's first landing in Lebanon. This new route opens up more opportunities for families, businesses, and tourists to travel affordably between two vibrant capitals, which is already underlined by the fact that our flights for the upcoming weeks are nearly all sold out. As the national airline of the UAE, we stay true to our broader mission of making the region more accessible with easy travel options that deliver both value and high quality. We stay committed to contributing to the Abu Dhabi ecosystem by boosting tourism and business links between the countries and our crew looks forward to seeing many happy customers on board soon for a well-deserved summer vacation visiting loved ones or discovering the many gems this incredible country has to offer.' Laura Lahoud, Minister of Tourism for Lebanon, added: 'The launch of direct flights between the UAE capital and Beirut by Wizz Air Abu Dhabi marks a significant milestone in our mission to revitalise Lebanon's tourism sector. This new route strengthens regional connectivity, fosters cultural exchange and aligns with our vision of making Lebanon more accessible to travellers. It will also be an important driver of travel demand and supports the creation of jobs and economic growth. We welcome this partnership and look forward to more visitors experiencing the beauty, rich history and renowned hospitality that Lebanon has to offer.' The beating heart of Lebanon, Beirut is a diverse blend of ancient history, culture, and energy, with Unesco World Heritage Sites, vibrant souks, buzzing nightlife and Mediterranean charm. The city offers a sensory feast for visitors with a plethora of unmissable activities and rich culinary traditions. Must-visit spots include the Raouché Rocks, the National Museum, and the historic Downtown district. Beyond Beirut, travellers can enjoy easy day trips to Lebanon's scenic villages, majestic mountains, and postcard-perfect coastal towns.
Trade Arabia
2 days ago
- Trade Arabia
Nasdaq Dubai welcomes Mashreq's $500m sukuk listing
Nasdaq Dubai welcomed leading Dubai-based bank Mashreq debut listing on the exchange with the admission of a $500 million sukuk issued by Mashreq Al Islami Sukuk Company. The Trust Certificates, due in 2030, were issued under Mashreq's $2.5 billion Trust Certificate Issuance Programme and are being admitted as a secondary listing following strong demand in the primary market. This marks an important milestone for Mashreq as it expands its access to international capital markets and strengthens its presence in the Islamic finance space. It also reflects Nasdaq Dubai's continued role in connecting regional issuers with a global investor base through a well-regulated and diversified platform. Senior officials from Mashreq, including Ahmed Abdelaal, Group Chief Executive Officer; Joel Van Dusen, Group Head of Corporate & Investment Banking; and Salman Hadi, Group Head of Treasury & Global Markets, attended the market opening ceremony at Nasdaq Dubai to celebrate the listing. The bell was rung by Ahmed Abdelaal in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). On the debut sukuk, Mashreq Chairman Abdul Aziz Al Ghurair said: "This sukuk listing marks an important step in Mashreq's commitment to strengthening the global Islamic finance landscape. It is a clear demonstration of Mashreq's long-term commitment to Islamic finance, the deepening of cross-border capital flows, and the UAE's continued emergence as a global nexus for ethical and Sharia-compliant financing." "Through this programme, we are proud to reinforce investor trust and contribute meaningfully to the maturing of Islamic capital markets," he stated. Abdelaal said the debut listing on Nasdaq Dubai marks a new chapter in Mashreq's capital markets journey. "This sukuk issuance not only attracted strong investor interest, but also affirms our disciplined approach to funding, even in a complex macro environment. As we continue to diversify our capital structure through Sharia-compliant channels, we remain committed to delivering strong fundamentals, market transparency, and sustainable value for all stakeholders," he added. Welcoming the Mashreq listing, Ali said it reflects the bank's growing ambitions in the Islamic finance sector and underscores DFM's role as a leading marketplace that connects regional issuers with global investors. "As Dubai continues to strengthen its capital markets infrastructure, we at DFM remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem," he stated. With this listing, the total value of sukuk listed on Nasdaq Dubai has reached $97.2 billion, further strengthening the exchange's position as one of the world's largest centres for Islamic fixed income. The overall value of debt securities listed on Nasdaq Dubai now stands at over $140 billion, across 163 issuances, said Ali.
