Singapore prices S$2.8 billion 50-year sovereign green bonds at 3.04%

Singapore’s core inflation rate for July 2023 decreased to 3.8%
2023-08-28
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Singapore must strengthen economic connectivity and the labor force must remain flexible
2023-09-04
Singapore’s core inflation rate for July 2023 decreased to 3.8%
2023-08-28
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Singapore must strengthen economic connectivity and the labor force must remain flexible
2023-09-04

On August 24, 2023, Singapore’s second offer of its sovereign green bonds was well received by investors, once again surpassing pricing indications.

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The Government had planned to raise between $2.3 billion and $2.8 billion through these 50-year sovereign green bonds, said the Monetary Authority of Singapore (MAS) in a notice on Thursday (August 24). The offer amount includes $50 million of bonds that will be set aside for retail investors, who can begin to apply for them between 9am on August 25 and 12pm on August 29.

The bonds are expected to be issued on Sept 4, with coupon payments disbursed on the first day of February and August every year until maturity or when they are redeemed.

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