Saudi wealth fund raises US$3bil from debut green bond sale


RIYADH: Saudi Arabia’s sovereign wealth fund raised US$3bil (RM14bil) with its debut bond deal in the currency that also marks its first foray into ethical finance.

The Public Investment Fund or PIF, as it is known, sold the debt in three tranches, including a world-first dollar century green bond.

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Saudi Arabia , wealth , fund

   

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