Masdar issued an additional $1 billion green bond, bringing the total outstanding value of its green bond program to $2.75 billion. The bond was issued in two equal tranches of $500 million with tenors of five and ten years and coupons of 4.875% and 5.375%, respectively. It was oversubscribed, with a peak order book of $6.6 billion. The bond issue received considerable demand from regional and international investors, including dedicated green funds. The bond’s allocation split 85% to global investors and 15% to investors from the Middle East and North Africa region. Proceeds from the bond issuance will be invested exclusively in greenfield renewable energy projects under Masdar’s Green Finance Framework.