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Fitch rates Masdar bond A+
Fitch Ratings said it assigned Masdar's (Abu Dhabi Future Energy Co. PJSC) $750 million of 4 7/8% fixed-rate senior unsecured green-labeled bond due 25 July 2033 an A+ long-term senior unsecured rating.
The bond is issued under Masdar's $3 billion euro- medium-term note program, which Fitch rates A+.
Masdar will use the proceeds for eligible green projects.
The outlook is stable.
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