Saudi Sovereign Wealth Fund Dreams of Inaugural Green Bond

Posted on 09/21/2021

The Public Investment Fund of Saudi Arabia (PIF) is working on its first green bond debt issuance. Corporates, governments, and sovereign funds are taking advantage of the advent of green bonds to raise debt capital. The sovereign wealth fund is working with BlackRock Inc. on creating a proper path on incorporating environmental, social and governance (ESG) principles. BlackRock has significant clients in Saudi Arabia and the broader region.

In March 2021, PIF inked a US$ 15 billion multi-currency revolving credit facility with a group of 17 banks.

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