Business Maverick: Singapore joins green finance bonanza with 50-year bond

대한민국 뉴스 뉴스

Business Maverick: Singapore joins green finance bonanza with 50-year bond
대한민국 최근 뉴스,대한민국 헤드 라인

The city state began marketing its first green bond, choosing a 50-year tenor as it joins countries from South Korea to Egypt looking to fund the battle against climate change.

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 84%

The debt maturing in 2072 will be available to both institutional and retail investors. Official details on the price and the yield will be publishedInitial price talks centred on the 3.15% area, according to a person familiar with the matter, who asked not to be identified because they’re not authorised to speak about it. The city state doesn’t have a traditional bond with a 50-year maturity. The yield on its 30-year conventional debt has risen steadily over the past year. It stood at 2.

Singapore, which now aims to raise between S$1.9-billion and S$2.4-billion from the debut issue, is a relative latecomer to the booming global market for sustainable debt. Europe is the dominant region for issuance, and fellow Asian financial hub Hong Kong raised HK$20-billion via its first green bond for retail investors earlier this year.

With concern about climate change increasing, the market for environmental, sustainable and governance debt is now worth several trillion dollars. Singapore’s new bond will help establish a curve for local currency green notes. Keen to position itself as an environmental finance hub, the city state is already encouraging sustainable issuance with a program to fundof companies’ bonds and loans. Still, its local-currency green debt market is smaller than that of fellow Asian financial hub Hong Kong, Bloomberg data show.

Singapore’s issuance will fund the expansion of its electric rail network. It is part of the government’s plan to raise as much as

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

dailymaverick /  🏆 3. in KR
 

대한민국 최근 뉴스, 대한민국 헤드 라인



Render Time: 2025-01-19 08:34:33