Introduction
Today, Tuesday, a bank document showed that the Abu Dhabi Future Energy Company, Masdar, has set an initial reference price of 150 basis points on US Treasuries for a green bond issue at 10 years worth $750 million.
A document released by one of the banks responsible for arranging the transaction said the deal would not grow in size and the price was expected to be quoted later on 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 as chief managers and accountants, according to a document released by the bank, the agency said yesterday.
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