Saudi Arabia plans green, conventional EUR-denominated bonds: Report

03:53 PM (Mecca time) Argaam
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag

Saudi Arabia intends to issue green and conventional euro-denominated bonds with maturities of seven and 12 years, respectively, Bloomberg reported, citing sources.

 

The agency added that HSBC, JPMorgan, and Société Générale were appointed as global coordinators and joint bookrunners.

 

No specific timeframe has been set for the issuance, it stated, noting that the offering will depend on market conditions.

 

According to the report, this move aligns with the Kingdom’s efforts to enhance the sustainability of its national economy and develop green financing mechanisms in line with current global trends.

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