{"id":103684,"date":"2025-05-15T00:00:00","date_gmt":"2025-05-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/masdar-launches-benchmark-fcy-denominated-green-bond\/"},"modified":"2025-05-15T00:00:00","modified_gmt":"2025-05-15T00:00:00","slug":"masdar-launches-benchmark-fcy-denominated-green-bond","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/15\/masdar-launches-benchmark-fcy-denominated-green-bond\/","title":{"rendered":"Masdar launches benchmark FCY-denominated green bond"},"content":{"rendered":"

State-owned rene<\/strong>wables player Masdar has started selling a benchmark <\/strong>USD-denominated dual-tranche green bond issuance<\/strong> with five- and 10-year tenors, set to be listed on the London Stock Exchange, according to a stabilization notice<\/a>. The issuance is yet to be priced. This is nearly a year after<\/a> Masdar raised USD 1 bn from a similar issuance that carried yields of 4.875% and 5.25%.<\/p>\n

What we know: <\/strong>The issuance is reportedly valued at USD 1 bn, and Initial price thoughts (IPTs) were set in the area of 115 bps above US Treasuries for the 5-year notes, and 125 bps above US Treasuries for the 10-year notes, Zawya<\/a> reports. This is part of the company's USD 3 bn EUR Medium Term Note (EMTN) Program, the news outlet said.<\/p>\n

Proceeds will be earmarked for eligible green projects<\/strong>, in line with Masdar\u2019s Green Finance Framework, Zawya reports, citing an investor document it had seen. Interest will be paid semi-annually on 21 May, and 21 November, the news outlet said.<\/p>\n

Masdar\u2019s credit rating was recently upgraded:<\/strong> Masdar last month<\/a> was upgraded to an A1 credit rating by Moody's, with a stable outlook, up from a previous A2 rating. The upgrade came on the back of strong backing from the Abu Dhabi government and shareholders as the company pursues its 100 GW renewable energy capacity target by 2030.<\/p>\n

ADVISORS- <\/strong>Masdar mandated Abu Dhabi Commercial Bank, Bank of China, BNP Paribas, Cr\u00e9dit Agricole CIB, DBS Bank, First Abu Dhabi Bank, IMI\u2013Intesa Sanpaolo, ING, and JP Morgan as joint lead managers and bookrunners.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is dual-tranche Reg-S offering with a 5- and 10-year tenors<\/p>\n","protected":false},"author":1,"featured_media":103685,"comment_status":"","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":[1546],"tags":[1391,68,7,318,171,211],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-uae","tag-green-bonds","tag-masdar","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"cf9f58d3-504c-46cd-beb8-77228eb0c280","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/128.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar launches benchmark FCY-denominated green bond","related_issue":[103672],"teaser":"This is dual-tranche Reg-S offering with a 5- and 10-year tenors","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.4a7ee07b-7a59-4c21-b08d-b23ac550e219.mp3"},"yoast_head":"\nMasdar launches benchmark FCY-denominated green bond - 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