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FinancialNews
12-02-23
PIF declares launch of second green bond issuances amounting to USD5.5B
(MENAFN) Saudi Arabia’s Public Investment Fund has collected USD5.5 billion via its second green bond issuance, it has declared.
The sovereign wealth fund is going to utilize the fund to finance its maintainable investments, in line with its Green Finance Framework.
The issuance comes after PIF’s inaugural green bond in October last year, the initial economic instrument released by a sovereign wealth investment of this kind and the initial 100 year green bond.
Fahad AlSaif, chief of Global Capital Finance Division at the fund, asserted that “PIF’s second green bond issuance underlines the role that PIF is playing in supporting Saudi Arabia’s green agenda, as well as diversifying the local economy and unlocking new and sustainable sectors.”
The head went further on to say that “Strong demand from international institutional investors for this second issuance is a testament to the ongoing success of PIF’s capital raising strategy, its credit profile and financial strength.”
MENAFN12022023000045014228ID1105560865
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