Saudi Electricity Company starts calling investors for green bonds offering

SectorFinancial Markets
CountrySaudi Arabia

Government-controlled Saudi Electricity Company is reaching out to investors in various markets as it gets ready for the potential issuance of green dollar bonds, it has been confirmed.In a statement to the Saudi Stock Exchange (Tadawul), the company announced it would start contacting investors in various markets, including Asia, Europe and the Middle East effective today, September 9, as it prepares for the potential sukuk offering.The bonds, however, will be limited to certain investors and jurisdictions. The proceeds will be used for green-friendly projects.“The potential offering of the green sukuk will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions,” the kingdom’s main electricity producer said.However, it has yet to be confirmed how much more...