SINGAPORE, July 22 (Reuters) – Singapore has launched a
green government infrastructure bond on Wednesday, seeking to
raise S$2.1 billion to S$2.6 billion ($2.0 billion) and drawing
more than S$5.6 billion in orders from investors, term
sheetsseen by Reuters on Wednesdayshowed.
The bond’s final price guidance was set at 2.40%, tighter
than initial guidance of around 2.55%. The order book included
S$1.85 billion of interest from joint lead managers, one of the
sheets showed.
Here are more details from the term sheet:
* The bond is due on August 1, 2046, and has final price
guidance of 2.40%.
* The Monetary Authority of Singapore is issuing the bond on
behalf of the government. Proceeds will help fund major
long-term infrastructure projects and spending eligible under
Singapore’s green bond framework.
* The offer includes S$50 million for the public in
Singapore and up to S$2.55 billion for institutional and other
investors. MAS may change the final size and split between the
two offers.
* The bond is expected to settle on August 3, 2026, and list
on the Singapore Exchange.
* DBS, Deutsche Bank, HSBC,
OCBC and Standard Chartered are bookrunners.
Reuters reported on the mandates on Tuesday.
($1 = 1.2907 Singapore dollars)
(Reporting by Yantoultra Ngui; Editing by Eileen Soreng and
Louise Heavens)
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