A banking document revealed today, Monday, that Abu Dhabi Future Energy Company (Masdar) has appointed banks to arrange its first green bond sale. The Abu Dhabi National Energy Company (Taqa) stated that it "will contribute to Masdar with a 43 percent stake, the Abu Dhabi sovereign wealth fund (Mubadala) with a 33 percent stake, and ADNOC with a 24 percent stake." The banks will begin contacting investors starting today, followed by the sale of unsecured bonds with a ten-year maturity of a standard size, usually not less than $500 million, depending on market conditions.
Abu Dhabi Energy Company Appoints Banks for Green Bond Sale
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