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DUBAI (Reuters) – Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired a large group of banks including Citi and JPMorgan (NYSE:) to arrange a debut issuance of multi-tranche U.S. dollar-denominated green bonds, a document showed on Tuesday.
BNP Paribas (OTC:), Citi, Deutsche Bank (ETR:), Goldman Sachs (NYSE:) 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 (OTC:), First Abu Dhabi Bank, HSBC, Mizuho, SMBC Nikko, SNB Capital, Societe Generale (OTC:) and Standard Chartered (OTC:) are also active bookrunners, while ANB Capital, BofA Securities, Bank of China, GIB Capital, ICBC, IMI (LON:) Intesa Sanpaolo (OTC:), Morgan Stanley (NYSE:), MUFG, Natixis, Riyad Capital and Saudi Fransi Capital are also on the deal.
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