#Saudi #sovereign #wealth #fund #issues #bonds
Saudi Arabia’s sovereign wealth fund launched its first ever bond issue on October 5, marketing $3 billion in “green bonds”. In a statement, the Public Investment Fund said the issue attracted more than $24 billion in offers.
The PIF issued bonds with 5-year-, 10-year and 100-year maturities. They carry coupons of 5%, 5.25% and 5.375% respectively.
The fund said the bonds would “finance or refinance” investments in a variety of environmentally beneficial projects. These include “renewable
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Sovereign Wealth – centralbanking.com
Source link