Saudi sovereign-wealth fund joins 100-year bond club
2 years, 2 months ago

Saudi sovereign-wealth fund joins 100-year bond club

Live Mint  

Saudi Arabia braved turbulent markets to join the small club of issuers that have borrowed for 100 years from investors, with its sovereign-wealth fund selling the ultralong debt as part of a $3 billion bond-market debut. The three-part sale of green bonds tapped global investors for funds that will help support projects at the heart of Crown Prince Mohammed bin Salman’s national economic transformation. Issuing green bonds helps broaden PIF’s investor base, analysts and investors said, to include buyers focused on environmental, sustainable and governance-related investments. “It helps bring in ESG funds, who otherwise wouldn’t be able to buy them," said Uday Patnaik, head of emerging-market fixed income at Legal & General Investment Management.

Oil Interest Rates Bond Green Saudi Arabia Saudi Fund Arabia Pif Bonds 100 Years Green Bonds  fund  oil  club  green  arabia  joins  investors  100year  sovereignwealth  bond  bonds  interest  saudi  debt

History of this topic

Saudi Arabia’s investment fund has been set an impossible task
7 months, 1 week ago

Saudi Arabia’s investment fund has been set an impossible task

Live Mint  

About a decade ago, a flashy, deep-pocketed investor made an appearance. Saudi Arabia’s Public Investment Fund had a mandate to go big, and was ready to: it picked up a $3.5bn stake in Uber, placed $45bn in the world’s largest technology-investment fund, SoftBank’s Vision Fund, and provided half the capital for a $40bn infrastructure fund run by Blackstone, a private-equity …

Saudi Arabia’s crown prince transfers another 8% of Aramco shares to sovereign wealth fund
9 months, 2 weeks ago

Saudi Arabia’s crown prince transfers another 8% of Aramco shares to sovereign wealth fund

Associated Press  

DUBAI, United Arab Emirates — Saudi Arabia’s crown prince transferred another 8% of shares in the kingdom’s oil giant Saudi Aramco to the country’s prominent sovereign wealth fund on Thursday. The country’s sovereign wealth fund known as the Public Investment Fund, or PIF, has been a key element of Mohammed’s plans, known as Saudi Vision 2030. “The transfer of part …

Saudi Arabia tops sovereign wealth spending league with $31.5bn investment spree
11 months, 3 weeks ago

Saudi Arabia tops sovereign wealth spending league with $31.5bn investment spree

The Telegraph  

Elsewhere, the PIF spent $4.9bn last April to buy Californian mobile game developer Scopely, while 2023 also saw it become a major shareholder in Japan’s Nintendo. The PIF had a relatively modest presence on the global stage until it was reformulated eight years ago by Crown Prince Mohammed Bin Salman, Saudi Arabia’s de facto ruler. The Crown Prince, who is …

Saudi wealth fund creates firm to attract top sports events
1 year, 4 months ago

Saudi wealth fund creates firm to attract top sports events

The Hindu  

The Saudi sovereign wealth fund on Sunday announced a new sports investment company designed to draw “major global events” to the kingdom, which has spent recent months luring top football stars. The company, SRJ Sports Investments, “will invest in acquiring and creating new sports events IP, commercial rights of popular and prominent sports competitions and hosting major global events in …

Saudi Arabia gives 4% of Aramco worth $80B to fund
2 years, 10 months ago

Saudi Arabia gives 4% of Aramco worth $80B to fund

The Hindu  

Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion as the kingdom tries to overhaul its energy-dependent economy. Saudi Crown Prince Mohammed bin Salman, the assertive son of King Salman, made the decision to transfer the stock, the state media …

Saudi Arabia transfers $80 billion Aramco stake to kingdom’s wealth fund
2 years, 10 months ago

Saudi Arabia transfers $80 billion Aramco stake to kingdom’s wealth fund

Hindustan Times  

Saudi Arabia transferred a stake worth about $80 billion in state oil giant Aramco to the kingdom’s wealth fund as part of plans to boost its assets under management to over $1 trillion in four years. Saudi Arabia said it will transfer 4% of its stock in the state-run oil giant Aramco to its state investment fund, a nearly $80 …

Discover Related