Saudi Arabia’s wealth fund hires banks for debut green bonds, shows document

DUBAI: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche US dollar-denominated green bonds, a document showed on Tuesday.
BNP Paribas, Citi, Deutsche Bank, Goldman Sachs and JPMorgan, mandated as joint global coordinators and active book-runners, will organize investor calls starting on Tuesday.