Today, Wednesday, the Saudi Public Investment Fund (PIF) began receiving orders to sell green bonds for the first time, in three tranches for 5, 10 and 100 years.

According to Arab Net, the PIF green bonds attracted more than $10 billion in requests within hours of the start of the subscription.

The Public Investment Fund gave initial price guidance for green bonds at about 150 basis points above US Treasuries (UST) for the five-year tranche, about 190 basis points above Treasuries for the 10-year tranche, and about 7%-7.25% for the 100-year tranche that is expected. to raise $500 million, the document showed.

The five and ten-year tranches are expected to be of standard size, which typically means at least $500 million.

A document showed that the subscription opened, and the deal is expected to close later on Wednesday.