Qatar is debuting blockbuster USD-denominated green bonds — its first bonds to be denominated in a foreign currency in the past four years, Bloomberg reports, citing people familiar with the matter. The government is selling USD 1 bn green bonds with maturity of five years at 30 basis points and USD 1.5 bn of 10-year green debt at 40 basis points over US treasuries. Pricing is expected later today.

We knew this was coming: Qatari Finance Minister Ali Al-Kuwari said in January that the country will be ready to list its first sovereign green bond very soon. “We are not hungry for money, but it will be mainly to send a strong statement about the need to counter climate change,” Al-Kuwari said at the time.

Green energy plans: State-owned Qatar General Electricity and Water Corporation (Kahramaa) has published The Qatar National Renewable Energy Strategy last month setting a target for the country to reach a renewable power generation of 4 GW by 2030. The country offered USD 75 bn in sustainable financing last year, and plans to establish a sustainable finance market worth more than USD 22 tn globally by 2031.

Advisors: Our friends at HSBC along with Crédit Agricole are acting as green structuring coordinators as well as global coordinators alongside JP Morgan and QNB Capital, Reuters writes, citing the fixed income news service IFR. Barclays, Citigroup, Deutsche Bank, Goldman Sachs International, SMBC Nikko Capital Markets and Standard Chartered are serving as lead managers.

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