Logo of Public Investment Fund
The Public Investment Fund (PIF) is planning to sell US dollar-denominated green bonds in tranches of seven, 12 and 30 years, Reuters reported, citing a document from the fixed income news service IFR.
Initial price guidance was set at around 145 basis points (bps) over 3.5% US Treasuries (UST) for the seven-year tranche, around 175 bps over 4.125% UST for the 12-year paper and around 215 bps over 3% UST for the 30-year bonds.
Goldman Sachs, JPMorgan and Standard Chartered Bank were hired as global coordinators for the debt sale expected to price later today, Feb. 7, IFR said. Each tranche will be of benchmark size, which typically means at least $500 million, it added.
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