Saudi wealth fund PIF (Public Investment Fund) said it has raised $5.5 billion through its second green bond. The proceeds of the bond, will be used to fund its green investments, in accordance with its Green Finance Framework.
RIYADH: Saudi Arabia’s Public Investment Fund has raised $5.5 billion through its second green bond issuance, it has announced. The sovereign wealth fund will use the money to finance its sustainable investments, in accordance with its Green Finance Framework. The issuance follows PIF’s inaugural green bond in October 2022, the first-ever such financial instrument issued by a