The “Sweihan” Emirates seek to raise 728 million dollars from the issuance of green bonds

Today, Thursday, a bank document showed that Abu Dhabi-based Sweihan Photovoltaic Energy Company has set an initial target price of around 3.875% for the green bonds it plans to offer and hopes to raise around $ 728 million.

Investors will receive semi-annual payments starting on July 31st.

The bonds, the proceeds of which will be used to finance spending on the Noor Abu Dhabi solar power plant, are expected to have a maturity media 15 years, according to a document from one of the banks that organized the bond issue.

Citi Banking Group is leading the deal for the scheduled issuance on Thursday, with HSBC and MUFG as international co-coordinators.

BNP Paribas, First Abu Dhabi Bank and SMBC Nikko also joined forces to coordinate investor requests.

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