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Singapore has launched a new green government infrastructure bond, aiming to raise between SGD 2.1 billion and SGD 2.6 billion (around USD 2 billion) to finance eligible long-term infrastructure projects. The 20-year bond, issued by the Monetary Authority of Singapore (MAS) on behalf of the government, is being offered to both retail and institutional investors. The proceeds will support projects under the country's Green Bond Framework, reinforcing Singapore's efforts to fund sustainable infrastructure while expanding its green financing programme through the domestic capital market.
Singapore has launched a green government infrastructure bond, seeking to raise between SGD 2.1 billion and SGD 2.6 billion (around USD 2 billion) from investors, according to a term sheet released on Wednesday.
The bond will mature on August 1, 2046, with an initial price guidance of around 2.55%. It is being issued by the Monetary Authority of Singapore (MAS) on behalf of the Singapore government. Funds raised through the issuance will be used to finance major long-term infrastructure projects that qualify under Singapore's Green Bond Framework.
The offering includes an allocation of SGD 50 million for retail investors in Singapore, while up to SGD 2.55 billion has been earmarked for institutional and other investors. MAS has stated that it may revise the final issue size as well as the allocation between the retail and institutional portions depending on investor demand.
The bond is scheduled to settle on August 3, 2026, and will be listed on the Singapore Exchange, allowing investors to trade it after issuance.
DBS, Deutsche Bank, HSBC, OCBC and Standard Chartered have been appointed as joint bookrunners for the transaction. Reuters had reported in the past week that these banks had been mandated to manage the bond sale.
Singapore has been steadily expanding its sustainable financing initiatives in recent years through sovereign green bonds and infrastructure bonds. Under the Singapore Green Bond Framework, proceeds are directed towards environmentally sustainable public infrastructure, including projects related to clean transportation, water management, energy-efficient buildings and climate resilience. The programme forms part of the country's broader strategy to finance long-term public infrastructure while supporting its net-zero emissions ambitions.
Source Reuters
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