The debt maturing in 2072 will be available to both institutional and retail investors. Details on the price and the yield will be published later on Thursday, according to the Monetary Authority of Singapore.
With concern about climate change increasing, the market for environmental, sustainable and governance debt is now worth several trillion dollars. Keen to position itself as an environmental finance hub, the city state is already encouraging sustainable issuance with a programme to fund sustainability certification of companies’ bonds and loans. Still, its local-currency green debt market is smaller that of fellow Asian financial hub Hong Kong, Bloomberg data show.
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