BAKU: Masdar, the UAE's leading clean energy company, has announced a secondary listing of its green bonds worth $1 billion on the Abu Dhabi Securities Exchange (ADX), Trend reports. "The secondary listing of Masdar's green bonds demonstrates our commitment to unlocking the potential of climate financing and our mission to accelerate the global transition to clean energy," Masdar stated. The company noted that demand for the bonds exceeded supply by 4.6 times, reflecting strong investor confidence in Masdar's ongoing growth and reputation for sustainability. "Masdar has an ambitious green bond program totaling $3 billion. The proceeds from this one billion-dollar listing on ADX will be exclusively invested in new renewable energy projects as part of Masdar's green financing program. With support from financial institutions like ADX, we are advancing a just energy transition and expanding energy access in developing markets and the Global South," Masdar CFO Mazin Khan said. To note, Masdar operates in over 40 countries, including Azerbaijan, a strategic partner for green projects, and has a project portfolio valued at over $30 billion. Source: Trend News Agency