The Public Investment Fund (PIF) announced on Thursday its first-ever bond issuance — the century green bond — raising $3 billion to finance or refinance PIF’s green investments. This move comes in line with the Green Finance Framework.
Reuters recently disclosed that the Saudi sovereign fund has hired banks to arrange a debut issuance of multi-tranche dollar-denominated green bonds for the first time, in an effort to achieve the Kingdom’s green aspirations.
