Abu Dhabi's clean energy firm, Masdar, aims to raise between $750 million and $1 billion through a green bond issuance this year to support its global renewable energy initiatives, according to a senior executive. This marks Masdar's second green bond offering following last year's successful $750 million issuance, part of a $3 billion bonds program. Bruce Johnson, Masdar's Director of Corporate Finance and Treasury, highlighted the company's robust pipeline of greenfield projects worldwide, driving the decision for another issuance.

The proceeds from the green bond will fund projects primarily in Central Asia, including Uzbekistan and Azerbaijan, aligning with Masdar's commitment to advancing renewable energy in developing nations, amid accelerated global efforts toward achieving net-zero emissions targets. The strong demand witnessed for Masdar's previous green bond, oversubscribed 5.6 times, underscores investor confidence in the company's creditworthiness and sustainable impact. In the burgeoning market for green and sustainable bonds, Masdar's issuance contributes to the broader momentum, particularly in the GCC region, as governments and companies intensify efforts to meet environmental commitments.