Masdar raises $600 million with world's highest-rated corporate blue bond

SHOTS Desk · Tue · 27 Oct 2026 · 13:05 · Reported

Abu Dhabi Future Energy Company PJSC – Masdar has issued a US$600 million five-year blue bond, the first under its US$6 billion Global Medium Term Note Programme. Rated AA- by S&P and Fitch, it is the highest-rated public blue bond issued globally by a corporate to date.

The bond was listed on the London Stock Exchange's International Securities Market with a 5.875 percent coupon and swapped into euros at a 4.374 percent yield. The orderbook peaked at US$1.5 billion, with the bond 2.5 times oversubscribed despite what Masdar described as challenging market conditions.

Proceeds will fund eligible blue projects under Masdar's updated Green Finance Framework, which was revised last month to include water-related clean energy projects such as offshore wind. Eligible projects must undergo impact assessments to minimise adverse biodiversity effects.

Since 2023, Masdar has raised $2.75 billion through its bond programme. As of year-end 2025, $2.3 billion had been allocated to 30 renewable

Read it at Emirates News Agency (WAM)SHOTS Desk