Skip to content Skip to Search
Skip navigation

Mubadala’s first-ever green bond order book hits $6bn

Mubadala
The green bond offers a yield of 6.03 percent and coupon at 5.875 percent

Abu Dhabi state fund Mubadala Investment has issued its first-ever green bond for $750 million with a tenor of 10.5 years.

The order book peaked at more than $6 billion with an oversubscription 9.1 times, with robust demand from local, European, Asian, and American investors, state-owned WAM news agency reported. 

“The depth, diversity, and strength of the order book for our first green bond further validate our ability to tap debt markets across economic cycles and in various economic conditions,” Carlos Obeid, chief financial officer of Mubadala Investment Company, said.

The green bond offers a yield of 6.03 percent and coupon at 5.875 percent.  

The transaction saw a large proportion of demand from new investors who had never invested in Mubadala’s bonds.

Receipts will be invested in categories aligned with the green financing network.

A report published by Standard Chartered in April last year concluded that the UAE alone would require $681 billion of investment to finance its transition to a net zero economy, thereby creating a huge business opportunity for local financial institutions.  

The Cop28 climate change conference, hosted by the UAE from November 30 until December 12, is expected to significantly boost interest in green sukuk in the sector’s core markets of the GCC, Malaysia and Turkey. 

Latest articles

Saudi arabia water

$4bn set aside for Saudi water projects

Saudi Arabia will spend $4 billion by the end of the decade on recycling over 2 billion cubic metres of water, about 70 percent of the country’s renewable water sources, an official said this week.  Speaking at the World Water Forum in Indonesia, Mohammed bin Zaid Abuhid, head of the General Authority for Irrigation, outlined […]

Cigarette sellers in Aswan, Egypt. US company Philip Morris says it wants to give smokers in Egypt 'better options than cigarettes'

US cigarette giant buys slice of Egyptian rival

The American tobacco giant Philip Morris International (PMI) has acquired a minority stake in Egypt’s largest cigarette manufacturer. PMI, which owns brands such as Marlboro, L&M, Merit and Parliament and is the world’s top tobacco company by market value, has bought 14.7 percent of Egypt’s Eastern Company, which also includes cigars and pipe tobacco in […]

Visitors admire the House of the Blackheads in Riga, which Eagle Properties hope will be 'the new centre of Europe'

Abu Dhabi developer spots opportunity in Latvia

Abu Dhabi developer Eagle Hills Properties announced a €3 billion ($3.25 billion) investment in the Latvian capital city of Riga, as the UAE continues its investment drive into Europe. Eagle Hills’ Riga Waterfront, which was unveiled on Thursday, will ultimately encompass 8,000 luxury homes for 30,000 residents on a redeveloped site along 5 kilometres at […]

Passengers at Muscat International Airport. Oman plans for it to be joined by six more locations

Oman plans 6 new airports in tourism push

The majority of Oman’s six new airports are expected to be operational by 2028 and 2029, as part of the government’s initiative to promote tourism, a senior government official has said. Work is under way on designing the new projects, which will increase the number of airports to 13, Naif Al Abri, chairman of the Civil […]