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Singapore Eyes at Least $1.1 Billion From Debut Green Bond

  • Maiden sale part of program to issue as much as S$35 billion
  • Tenor either 30 or 50 years, bonds to be sold via syndicate

Singapore aims to raise at least S$1.5 billion ($1.1 billion) via the sale of an inaugural green bond, according to officials. 

Part of a sovereign and public sector issuance program worth as much as S$35 billion, the debt will be launched via a book-building process within the week, the Monetary Authority of Singapore said in a statement on Monday. The tenor will be either 30 or 50 years, with proceeds to fund expansion of the city-state’s electric rail network.