Mubadala Issues First Green Bonds Valued at $750 Million
Mubadala Investment Company has made a significant stride by issuing its inaugural green bonds, valued at $750 million with a tenure of 10.5 years, marking a historic event in its financial trajectory.
Strong Market Reception
According to the UAE news agency, the issuing process witnessed a robust market reception, with purchase orders surging to over $6 billion. This overwhelming response was observed from a diverse investor base spanning local, European, Asian, and American regions.
Record Subscription Surplus in 2023
This issuance stands as one of the highest in 2023, boasting of a subscription surplus of 9.1 times. The bond proceeds are earmarked for investments aligned with the Green Financing Network’s standards, contributing to the broader global sustainability agenda.
Diversifying Investor Base
The deal played a pivotal role in diversifying the investor base by attracting new investors. A significant portion of the interest came from entities that had not previously invested in Mubadala’s bonds, according to the company’s statement released on Friday.
Reflecting Commitment to Responsible Investment
This initiative reflects Mubadala’s commitment to responsible investment ahead of the upcoming COP28 conference hosted by the UAE at the end of November.
Carlos Obeid, the CFO of Mubadala Investment Company, emphasized that responsible investment remains a fundamental element in Mubadala’s business approach since its inception. Mubadala continues to collaborate with governments, business institutions, and leading investment firms globally to address global challenges.
Strong Interest in Green Bonds
The strong interest witnessed in Mubadala’s first green bond issuance from various investment entities underscores the company’s ability to access debt markets across different cycles and economic conditions.
