ADX welcomes listing of $1 billion Masdar green bonds

ABU DHABI: Abu Dhabi Securities Exchange (ADX) today welcomed the listing of US$1 billion in green bonds issued by Abu Dhabi Future Energy Company (Masdar) in two tranches.According to ADX data, the first tranche of the bonds is valued at $500 million, with a fixed interest rate of 4.875 percent, maturing on 25th July, 2029. The second tranche is also valued at $500 million, with a fixed interest rate of 5.25 percent, maturing on 25th July, 2034.The bond issuance witnessed significant demand from investors both regionally and globally, with the peak value of subscription orders reaching $4.6 billion, representing an oversubscription by 4.6 times.Source: Emirates News Agency