{"id":80303,"date":"2023-10-30T02:00:57","date_gmt":"2023-10-30T02:00:57","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/"},"modified":"2023-10-30T02:00:57","modified_gmt":"2023-10-30T02:00:57","slug":"mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/","title":{"rendered":"Mubadala issues a 9.1x oversubscribed USD 750 mn debut green bond issuance"},"content":{"rendered":"<p><strong><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a>Mubadala pulls the trigger on first green bond issuance:<\/strong> UAE sovereign fund Mubadala has issued a USD 750 mn green bond with an order book surpassing USD 6 bn leading to a whopping 9.1x subscription rate, <a href=\"https:\/\/wam.ae\/en\/details\/1395303214572\">Wam<\/a> reported on Friday. Mubadala offered the bonds with a tenor of 10.5 years at a 6.03% yield and coupon rate of 5.875%. The demand came from local, European, Asian, and US accounts, with the majority being first-time investors in Mubadala. The advising banks and companies were not disclosed.<\/p>\n<p><strong>Where\u2019s the money going? <\/strong>The proceeds from the issuance will be funneled towards projects aligned with the Green Financing Network, Wam reports without clarifying the activities or goals of the network. Earlier this month, Mubadala hired banks to organize a series of investor meetings to present its newly established Green Finance Framework, <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/mamoura-diversified-global-holding-hires-banks-present-green-finance-framework-2023-10-03\/\">Reuters<\/a> reported at the time. Through its unit Mamoura Diversified Global Holding, Mubadala selected Abu Dhabi Commercial Bank, First Abu Dhabi Bank, HSBC, and ING to present the framework to investors.<\/p>\n<p><strong>We knew this was coming: <\/strong>Sources <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d25b4bca-1a08-495e-bb13-6e64408c471f\">told Reuters in April<\/a> that the UAE federal government, Abu Dhabi, and its sovereign wealth fund Mubadala were looking into issuing green bonds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mubadala pulls the trigger on first green bond issuance: UAE sovereign fund Mubadala has issued a USD 750 mn green bond with an order book surpassing USD 6 bn leading to a whopping 9.1x subscription rate, Wam reported on Friday. Mubadala offered the bonds with a tenor of 10.5 years at a 6.03% yield and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":80304,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84],"tags":[83,11,49,50,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseclimate","tag-green-bonds","tag-mubadala","tag-uae","wpautop","entry"],"acf":{"mongo_id":"55244c64-e3fd-44b3-8c4e-ca52eb6091cb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1546.jpg","photo_position":"above","related_issue":[80298],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mubadala issues a 9.1x oversubscribed USD 750 mn debut green bond issuance - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mubadala issues a 9.1x oversubscribed USD 750 mn debut green bond issuance\" \/>\n<meta property=\"og:description\" content=\"Mubadala pulls the trigger on first green bond issuance: UAE sovereign fund Mubadala has issued a USD 750 mn green bond with an order book surpassing USD 6 bn leading to a whopping 9.1x subscription rate, Wam reported on Friday. Mubadala offered the bonds with a tenor of 10.5 years at a 6.03% yield and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T02:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1546.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mubadala issues a 9.1x oversubscribed USD 750 mn debut green bond issuance\",\"datePublished\":\"2023-10-30T02:00:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1546.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"EnterpriseClimate\",\"green bonds\",\"Mubadala\",\"UAE\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/30\/mubadala-issues-a-9-1x-oversubscribed-usd-750-mn-debut-green-bond-issuance\/\",\"name\":\"Mubadala issues a 9.1x oversubscribed USD 750 mn debut green bond issuance - 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