Saudi Arabia’s Public Investment Fund (PIF) has completed its second green bond issuance, which raised US $5.5bn to finance or refinance its green investments, in alignment with its Green Finance Framework. The move will further diversify PIF’s sources of debt funding, in line with its Medium-Term Capital Raising strategy, PIF stated. According to a statement, the issuance follows its inaugural green bond in October 2022, which was said to be the first-ever green bond issued by a sovereign wealth fund, and the first-ever 100-year green bond. The latest bond issuance was said to have been more than six times oversubscribed, with books exceeding $33bn. It was issued in three tranches, comprisi
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