Latest news with #greenbond
Yahoo
2 days ago
- Business
- Yahoo
Municipality Finance issues a EUR 1 billion green benchmark under its MTN programme
Municipality Finance PlcStock exchange release 9 June 2025 at 10:00 am (EEST) Municipality Finance issues a EUR 1 billion green benchmark under its MTN programme Municipality Finance Plc issues a EUR 1 billion green benchmark on 10 June 2025. The maturity date of the benchmark is 14 June 2032. The benchmark bears interest at a fixed rate of 2.625% per annum. The benchmark is issued under MuniFin's EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the benchmark are available in English on the company's website at MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on on 10 June 2025. Danske Bank A/S, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, J.P. Morgan SE and Skandinaviska Enskilda Banken AB (publ) act as the Joint Lead Managers for the issue of the benchmark. MUNICIPALITY FINANCE PLC Further information: Joakim HolmströmExecutive Vice President, Capital Markets and Sustainabilitytel. +358 50 444 3638 MuniFin (Municipality Finance Plc) is one of Finland's largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group's balance sheet is over EUR 53 billion. MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs. MuniFin's customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board. Read more: information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
18-05-2025
- Business
- Trade Arabia
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.
Arabian Business
16-05-2025
- Business
- Arabian Business
Masdar announces $1bn green bond
Abu Dhabi Future Energy Company, Masdar, has announced it has issued another $1bn green bond, bringing the total outstanding under its green bond programme to $2.75bn, and reinforcing the company's global leadership position in sustainable finance. The bond was issued in two equal tranches of $500m, with tenors of five and 10 years and coupons of 4.875 per cent and 5.375 per cent respectively. The bond attracted significant oversubscription with a peak orderbook of $6.6bn, with strong demand from both regional and international investors, including dedicated green funds. Masdar green bond 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 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 $750m and $1bn in 2023 and 2024, which have been fully allocated to new greenfield projects in developed and developing economies. The company's green bond programme is complemented by its other financing activities, which in 2024 included the issuance of $6bn 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 programme 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. In line with Masdar's corporate credit ratings, the company's third bond issuance was rated AA- by Fitch and A1 by Moody's. The joint lead managers and bookrunners on the issuance were: First Abu Dhabi Bank Abu Dhabi Commercial Bank JP Morgan ING Intesa Sanpaolo Bank of China DBS Bank BNP Paribas Crédit Agricole
Gulf Business
16-05-2025
- Business
- Gulf Business
Masdar issues $1bn green bond, brings total programme to $2.75bn
Image: Masdar/ For illustrative purposes Abu Dhabi Future Energy Company – Masdar – has issued a new $1bngreen bond, boosting its total outstanding under the green bond programme to $2.75bn. The latest issuance was structured in two equal tranches of $500m, with tenors of five and 10 years and respective coupon rates of 4.875 per cent and 5.375 per cent. The offering drew robust investor interest, with a peak orderbook of $6.6bn, significantly oversubscribed by both regional and international investors, including dedicated green funds. Spreads over US Treasuries were finalised at 80 basis points for the 5-year tranche and 90 basis points for the 10-year, marking the tightest pricing the company has achieved to date. Allocation was split 85 per cent to international investors and 15 per cent to investors in the MENA region. Third issuance to fund portfolio capacity targets, says Masdar CEO 'This third issuance demonstrates the continued and growing confidence the investment community places in Masdar's financial strength and long-term vision,' said Mohamed Jameel Al Ramahi, CEO of Masdar. '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… giving investors complete confidence as to how their money is being spent.' The company previously issued green bonds of $750m and $1bn in 2023 and 2024 respectively. All proceeds from its green bond programme are allocated exclusively to new 'dark green' renewable energy projects in both developed and developing economies. Read: In 2024, 'This latest green bond issuance, aligned with our Green Finance Framework, underscores the overwhelming investor confidence in our financial resilience and strategic direction,' said Mazin Khan, CFO of Masdar. 'Masdar is raising sustainable finance on an industrial scale… giving investors the opportunity to play their part in the green financing agenda.' Green Finance Framework update in 2024 The clean energy giant updated its Green Finance Framework in March 2024, expanding eligible categories to include green hydrogen and standalone battery storage projects. In April, Moody's reaffirmed the framework's top-tier Sustainability Quality Score of SQS1 (Excellent). The bond was rated AA- by Fitch and A1 by Moody's, in line with its corporate credit ratings. Joint lead managers and bookrunners for the issuance were First Abu Dhabi Bank, Abu Dhabi Commercial Bank, J.P. Morgan, ING, Intesa Sanpaolo, Bank of China, DBS Bank, BNP Paribas and Crédit Agricole.
Zawya
16-05-2025
- Business
- Zawya
Masdar raises $1bln through green bond issuance
ABU DHABI - Abu Dhabi Future Energy Company PJSC – Masdar today announced it has issued another US$1 billion green bond, bringing the total outstanding under its green bond programme 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% and 5.375% 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 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 percent to international investors and 15 percent to MENA investors. Masdar is widely recognised 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 programme 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. 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 programme 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. In line with Masdar's corporate credit ratings, the company's third bond issuance was rated AA- by Fitch and A1 by Moody's. The joint lead managers and bookrunners on the issuance were First Abu Dhabi Bank, Abu Dhabi Commercial Bank, J.P. Morgan, ING, Intesa Sanpaolo, Bank of China, DBS Bank, BNP Paribas and Crédit Agricole.
