Al-Marsad newspaper: A bank document showed today, Wednesday, that the Public Investment Fund has started receiving orders to sell green bonds for the first time, in three tranches for 5, 10 and 100 years.
The Public Investment Fund gave initial price guidance for green bonds at regarding 150 basis points above US Treasuries (UST) for the five-year paper, regarding 190 basis points above the 10-year Treasury and regarding 7%. -7.25% for the 100-year tranche, which is expected to raise $500 million, according to the document, according to Al Arabiya Net.
The five and ten-year tranches are expected to be of standard size, which usually means at least $500 million. The document showed that the subscription opened and the deal is expected to close later on Wednesday.
