
SINGAPORE (July 22): Singapore has launched a green government infrastructure bond on Wednesday, seeking to raise S$2.1 billion (RM6.6 billion) to S$2.6 billion and drawing more than S$5.6 billion in orders from investors, term sheets seen by Reuters on Wednesday showed.
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.
The bond is due on Aug 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 Aug 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.
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