Latest news with #GlobalBanking&Markets:MiddleEastAwards2025
Qatar Tribune
26-05-2025
- Business
- Qatar Tribune
Qatar's ministry of finance wins ‘Deal of the Year' for green bond
Tribune News Network Doha The Ministry of Finance of the State of Qatar was awarded 'Deal of the Year' as part of the Global Banking & Markets: Middle East Awards 2025, in recognition of its landmark USD 2.5 billion inaugural sovereign green bond issuance of May 2024. The bond comprised two tranches with 5- & 10- year maturities. Robust demand from domestic, regional & international investors was recorded with total subscriptions exceeding USD 14 billion. This issuance is a milestone in Qatar's green financing journey, being the inaugural sovereign green bond issuance in the Gulf Cooperation Council and the largest in the region. Furthermore, the issuance recorded the lowest margin spreads for both tranches stated previously in the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region, at the time of the transaction. This achievement reflects the confidence of investors in the Qatari economy, the State's credit story, and the Sovereign Green Financing Framework, which aligns with international markets best practices in the sustainable finance sector. The Framework is guided by the pillars of the Qatar National Vision 2030 and adopts the Green Bond Principles issued by the International Capital Market Association (ICMA) as well as the Green Loans Principals published by the Loan Market Association. In tandem, the Ministry published its first Sovereign Green Bond Allocation Report.
Qatar Tribune
26-05-2025
- Business
- Qatar Tribune
Finance ministry wins Mideast 'Deal of the Year' award for $2.5 bn green bond issuance
DOHA: The Ministry of Finance has won the "Deal of the Year" award at the Global Banking & Markets: Middle East Awards 2025 in Dubai, the UAE. The award recognizes the ministry's outstanding issuance of $2.5 billion in green bonds in May 2024. The ministry issued the bonds in two tranches with maturities of five and 10 years. The offering saw significant interest from local, regional, and international investors, with total subscriptions exceeding $14 billion. This issuance marks a significant milestone in Qatar's green finance journey. It is the first sovereign green bond issuance of its kind in the Gulf Cooperation Council (GCC) countries and the largest green bond offering in the Middle East. Furthermore, the pricing of the offering achieved some of the lowest debt cost margins in the Central and Eastern Europe, Middle East, and Africa (CEEMA) region for the aforementioned maturities at the time of issuance. This achievement reflects investor confidence in Qatar's economy and the robustness of its public finances. It also underscores trust in Qatar's sovereign green finance framework, which aligns with international best practices and standards for green and sustainable finance. The framework is guided by the pillars of Qatar National Vision 2030 and complies with the Green Bond Principles issued by the International Capital Market Association (ICMA) and the Green Loan Principles from the Loan Market Association (LMA). Over 400 entities were nominated for this year's Global Banking and Markets Middle East Awards, with accolades going to the most innovative and distinguished deals in the Middle East region.
