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Stock impact report

Saudi wealth fund to accelerate green bond issuances [Yahoo! Finance]

Financial Institutions, Inc. (FISI) 
Last financial institutions, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1016825
Company Research Source: Yahoo! Finance
sovereign wealth fund plans to accelerate issuances, Princess Rasees Al Saud, Public Investment Fund's Head of Financial Institutions and Investor Relations, said. Speaking at Semafor's World Economy Summit in Washington, DC, on Wednesday, Al Saud said that since 2022, the fund's $11 billion in green bond issuances have been oversubscribed by five or six times. Looking ahead, she expects demand to remain strong. PIF has issued most of its green bonds in US dollars, but it has branched out to other currencies to either fulfill investor preferences or to better align the debt with the underlying project, she said. When asked if the fund is considering issuing in Chinese Renminbi, the princess said the fund is taking an “all-of-the-above” approach. The fund has fully allocated proceeds from its green issuances over the past two years, with 95% directed to new projects. The $1 trillion PIF is tasked with diversifying the kingdom's economy, and many of its projects such as the resort Show less Read more
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