Ministry of Finance $2.5Bn Inaugural Sovereign Green Bond Issuance Gets ‘Deal of the Year’ Award

Qatar’s Ministry of Finance was awarded ‘Deal of the Year’ as part of the Global Banking & Markets: Middle East Awards 2025, in recognition of its landmark $2.5bn inaugural sovereign green bond issuance of May 2024.

The bond comprised two tranches with five and 10 year maturities. Robust demand from domestic, regional and international investors was recorded with total subscriptions exceeding $14bn.

“This issuance is a milestone in Qatar’s green financing journey, being the inaugural sovereign green bond issuance in the Gulf Co-operation Council (GCC) and the largest in the region. “Furthermore, the issuance recorded the lowest margin spreads for both tranches stated previously in the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region, at the time of the transaction,” Ministry of Finance said Monday.

“This achievement reflects the confidence of investors in the Qatari economy, the state’s credit story, and the Sovereign Green Financing Framework, which aligns with international markets best practices in the sustainable finance sector.

“The framework is guided by the pillars of the Qatar National Vision 2030 and adopts the Green Bond Principles issued by the International Capital Market Association (ICMA) as well as the Green Loans Principals published by the Loan Market Association.”

In tandem, Ministry of Finance published its first Sovereign Green Bond Allocation Report.