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Saudi Arabia's wealth fund hires banks for debut green bonds - document

09/27/2022 | 08:50am EST

DUBAI (Reuters) - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche U.S. dollar-denominated green bonds, a document showed on Tuesday.

BNP Paribas, Citi, Deutsche Bank, Goldman Sachs and JPMorgan, mandated as joint global coordinators and active bookrunners, will organise investor calls starting on Tuesday.

A debut issuance in tranches of five, 10 and potentially a longer-dated tenor will follow, subject to market conditions. The issuance will be under GACI First Investment Company and guaranteed by PIF.

Credit Agricole, First Abu Dhabi Bank, HSBC, Mizuho, SMBC Nikko, SNB Capital, Societe Generale and Standard Chartered are also active bookrunners, while ANB Capital, BofA Securities, Bank of China, GIB Capital, ICBC, IMI Intesa Sanpaolo, Morgan Stanley, MUFG, Natixis, Riyad Capital and Saudi Fransi Capital are also on the deal.

(Reporting by Yousef Saba, Editing by Louise Heavens)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) 0.16% 0.6381 Delayed Quote.-3.93%
BANK OF CHINA LIMITED 0.37% 2.71 Delayed Quote.-3.91%
BNP PARIBAS 0.23% 52.75 Real-time Quote.-13.20%
BRITISH POUND / SWISS FRANC (GBP/CHF) 0.10% 1.15276 Delayed Quote.-6.76%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) 0.12% 0.69713 Delayed Quote.-3.69%
CHINESE YUAN RENMINBI / SWISS FRANC (CNY/CHF) 0.52% 0.134379 Delayed Quote.-7.04%
DANISH KRONE / SWISS FRANC (DKK/CHF) 0.51% 13.246 Delayed Quote.-4.83%
DEUTSCHE BANK AG 1.20% 10.024 Delayed Quote.-9.02%
EURO / SWISS FRANC (EUR/CHF) 0.15% 0.98876 Delayed Quote.-4.83%
HONGKONG-DOLLAR / SWISS FRANC (HKD/CHF) 0.11% 12.04 Delayed Quote.2.63%
INDIAN RUPEE / SWISS FRANC (INR/CHF) -0.35% 0.011464 Delayed Quote.-5.99%
INTESA SANPAOLO S.P.A. 0.58% 2.0965 Delayed Quote.-7.81%
JAPANESE YEN / SWISS FRANC (JPY/CHF) -0.10% 0.6948 Delayed Quote.-12.11%
MORGAN STANLEY -0.97% 92.1 Delayed Quote.-6.17%
NEW ZEALAND DOLLAR / SWISS FRANC (NZD/CHF) 0.24% 0.60116 Delayed Quote.-3.74%
RUSSIAN ROUBLE / SWISS FRANC (RUB/CHF) -0.20% 0.015097 Delayed Quote.24.47%
SINGAPORE-DOLLAR / SWISS FRANC (SGD/CHF) 0.23% 0.6947 Delayed Quote.2.25%
STANDARD CHARTERED PLC -0.37% 592.6 Delayed Quote.32.16%
SWEDISH KRONA / SWISS FRANC (SEK/CHF) 0.33% 0.091323 Delayed Quote.-9.91%
US DOLLAR / SWISS FRANC (USD/CHF) -0.11% 0.93531 Delayed Quote.2.67%
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