2023-10-27 20:07:45
Abu Dhabi, October 27, 2023 (Xinhua) – The Mubadala Investment Company, affiliated with the Abu Dhabi government in the UAE, revealed today (Friday) that it has issued the first green bonds in its history, with a value amounting to 750 million US dollars.
The company stated in a statement that there was strong demand from the market for purchasing the issue, while the duration of the green bonds is 10.5 years, with a return of 6.03% and an interest rate of 5.875%.
The company said, “The value of purchase orders rose to more than $6 billion, and there was strong demand from local, European, Asian, and American investors.”
The company confirmed that this issuance is one of the highest oversubscribed issues in 2023, as the oversubscription reached 9.1 times, while the bond proceeds will be invested in investment categories compatible with the green financing network.
Mubadala Investments Company is the most important sovereign investment arm in Abu Dhabi. It was established in 2002 as a government company to manage a diversified portfolio of assets and investments inside and outside the United Arab Emirates. /end of news/
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