Abu Dhabi Energy Company of the Future Sets Benchmark Price for $750 Million Green Bond Issue
Introduction
Today, Tuesday, a banking document showed that the Abu Dhabi Energy Company of the Future, Masdar, has set an initial benchmark price of 150 basis points on US Treasury bonds for a $750 million 10-year green bond issue.
A document released by one of the banks responsible for arranging the transaction said the deal would not increase in size and was expected to be priced later Tuesday, Reuters reported.
Details of the Transaction
Citibank and First Abu Dhabi Bank are joint global coordinators, with BNP Paribas, HSBC, SMBC Niko and Societe General and Standard Chartered serving as lead managers and accountants, according to a document released by the bank, the agency said yesterday.
