Singapore participates in the green finance boom with a 50-year bond

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Last Updated on August 4, 2022 by Bitfinsider

As it joins nations like Egypt and South Korea in seeking to finance the fight against climate change, Singapore started marketing its first green bond and chose a 50-year tenor.

Both institutional and retail investors will have access to the debt that will mature in 2072. According to the Monetary Authority of Singapore, official information on the price and yield would be released later on Thursday.

According to a person with knowledge of the situation who asked to remain anonymous because they were not permitted to speak about it, the initial price discussions focused on the 3.15 percent range. The city state does not issue conventional bonds that mature in 50 years. Over the past year, the yield on its 30-year conventional debt has been rising steadily. On Thursday, it had a 2.8 percent value.

Singapore is a relative newcomer to the expanding worldwide market for sustainable debt, with its current goal being to generate between S$1.9 billion (US$1.4 billion) and S$2.4 billion from the debut issuance. Europe is the most popular place for issuance, while Hong Kong, another financial centre in Asia, raised HK$20 billion (US$2.5 billion) earlier this year through the sale of its first green bond to retail investors.

The market for environmental, sustainable, and governance debt is currently worth several trillion dollars as awareness of climate change grows. The new bond from Singapore will aid in creating a curve for local currency green notes.

With a scheme to support the sustainability certification of enterprises’ bonds and loans, the city state is already encouraging sustainable issuance in an effort to establish itself as a hub for environmental finance. However, it has a smaller local currency green debt market than Hong Kong, another major Asian financial center.

The issuance by Singapore will pay for the expansion of its electric rail system. It is a component of the government’s ambition to secure up to S$35 billion in funding for environmental initiatives by 2030. The criteria for what truly qualifies as a green investment have already been established by authorities.

They specify that monies may be utilized for initiatives that enhance energy efficiency, stop pollution, or manage natural resources. Nuclear energy and fossil fuel-related spending are prohibited.

The Hongkong and Shanghai Banking Corporation Limited Singapore Branch, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank (Singapore) Limited, DBS Bank Ltd., and Deutsche Bank AG Singapore Branch are the bookrunners for the syndication.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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