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Saudi Arabia’s sovereign wealth fund raised $5.5 billion from a three-part green bond sale, the second debt offering by the Public Investment Fund within four months. The PIF secured more than $32 billion of orders for the bonds that have maturities of 7, 12 and 30 years. The PIF plans to use the proceeds for general corporate purposes and to finance, refinance and invest in green projects.

Saudi Wealth Fund Raises $5.5 Billion From Green Bond Sale

Saudi Arabia’s sovereign wealth fund raised $5.5 billion from a three-part green bond sale, the second debt offering by the Public Investment Fund within four months. The PIF secured more than $32 billion of orders for the bonds that have maturities of 7, 12 and 30 years. The PIF plans to use the proceeds for general corporate purposes and to finance, refinance and invest in green projects.

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