fbpx

Voice of the Commonwealth - The Global Influencer

Voice of the Commonwealth - The Global Influencer

Singapore enters the Green Finance Bonanza with a 50-Year Green Bond

spot_imgspot_img

Singapore (CU)_ Singapore started marketing its first green bond to generate up to S$2.4 billion ($1.7 billion) with a 50-year tenor, joining governments from South Korea to Egypt in an effort to finance the fight against climate change. Due to the volatility of the financial markets, the country’s 2072 maturing debt is being sold for the first time through a syndicate. According to a close source familiar with the subject who requested anonymity, initial price discussions were in the 3.15 percent range. According to the data, while Singapore does not have a conventional 50-year bond, the yield on its conventional 30-year paper was 2.8% last week.

According to Winson Phoon, chief of fixed income research at Maybank Securities, “This offers an opportunity to accumulate ultra long duration with some yield pickup over the 30-year, although the 30y/50y spread is not expected to be much”. Despite the fact that long-term bonds have taken a blow this year owing to rising interest rates, the market has been gradually recovering interest in long duration due to fears of a US recession. According to the website of the Monetary Authority of Singapore, official price and yield information would be published later.

ifcreview.com

The nation entered the global market for sustainable debt rather late. Europe is the dominating market for issuance, and Asian financial hub Hong Kong obtained HK$20 billion ($2.5 billion) from retail investors through its first green bond earlier this year. According to Tamami Ota, head of the sustainable finance research unit at Daiwa Institute of Research Ltd, “Singapore is an international financial center, and just like Hong Kong, Singapore knows that the green element is important”. In an effort to promote itself as an environmental finance hub, the country is already promoting sustainable issuance through a program that finances the sustainability certification of bonds and loans issued by businesses. However, according to statistics, its local currency green debt market is smaller than that of Asian financial hub Hong Kong.

The first green bond issued by Singapore will support the expansion of its electric train network. It comes under the government’s ambition to collect around S$35 billion in finance for environmental initiatives by 2030. Officials have already established rules for sustainable investments, describing what constitutes a green investment. DBS Bank Ltd., Deutsche Bank AG Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited Singapore Branch, Oversea-Chinese Banking Corporation Limited, and Standard Chartered Bank (Singapore) Limited are the bookrunners for the syndication.

Latest news

London’s inadequate social housing impacting children’s health

LONDON (CU)_London has often been in the headlines for top investors from around the world seeking real estate as a stable investment to which...

Latest news

London’s inadequate social housing impacting children’s health

LONDON (CU)_London has often been in the headlines for top investors from around the world seeking real estate as a stable investment to which...

Australian organizations urged to boost cybersecurity skills

BRISBANE (CU)_As the world moves more towards a digital technology the cybersecurity breaches are likely to become more of a common place as even...

Active Travel England gives Worcestershire County Council zero rating

LONDON (CU)_When it comes to traveling the first thing many people do is research where they want to be going to. Now most often...

New tool to improve future diagnosis of Alzheimer’s Disease

COVENTRY (CU)_Alzheimer’s disease is a progressive neurodegenerative disease that often results from disruption of essential amino acids that include amyloid-beta peptides. The diagnosis of...

German International School Dubai brings Top-class German education in the UAE

DUBAI (CU)_When it comes to the Middle East, it’s safe to say they have massive expat communities. Since most of these communities have children...

Man held with live cartridge at airport

HARYANA, India (CU)_Airports seem like a hot spot for drama these days as people think it’s a joke to cause scenes. But sometimes whilst...

NA leader requires accelerating ground clearance for Long Thanh airport project

HANOI (CU)_Vietnam has been upping its game where infrastructure in concerned. As the National Assembly Chairman Vuong Dinh Hue has urged the southern province...

Over 15,000 pigs died in African swine fever outbreak in Nepal since March

KATHMANDU (CU)_It seems like when it rains bad news it tends to pour. The world just got over one pandemic but it doesn’t look...

Reliance Jio to introduce low-cost 4G laptop for INR 15,000

MUMBAI, India (CU)_According to sources, Reliance Jio is planning to offer a $184 (INR 15,000) laptop with an inbuilt 4G sim card in an...

Ensuring construction doesn’t ‘cost the earth’

LANCASTER (CU)_ Landfills are sites for the dumping of waste material across the world. The UK sees millions of tonnes of one of our...

Weed killer detected in human samples in Australia

BRISBANE (CU)_One of the first studies of its kind in Australia has found 8% of urine samples taken from the public had the common...

Researchers unlock the code to breed better peas

PERTH, Australia (CU)_An international team of scientists have found exactly how peas have evolved and indicated the traits breeders can leverage to make them...

Related news

Reliance Jio to introduce low-cost 4G laptop for INR 15,000

MUMBAI, India (CU)_According to sources, Reliance Jio is planning to offer a $184 (INR 15,000) laptop with an inbuilt 4G sim card in an...

India’s Supreme Court ruling on women’s abortion rights and marital rapes!

NEW DELHI, India (CU)_In an historic judgment on abortion, the Supreme Court of India declared that all women, regardless of their marital status, have...

Over 100 million Indians wish to upgrade to 5G, says Ericsson

MUMBAI, India (CU)_ According to the latest report released by Ericsson, over 100 million customers with 5G-capable smartphones in India intend to upgrade to...

Maldives and the United States sign an agreement to boost climate-resilient initiatives in the Maldives!

MALE, Maldives (CU)_ The Maldives and the United States of America have inked an in-kind grant agreement. The United States Agency for International Development...

MoU enhances Brunei-Australia collaboration in medicinal products!

BRUNEI (CU)_ Australia and the Government of His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah ibn Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi...

Pakistan suicide attack injures 21 soldiers!

Islamabad, Pakistan (CU)_ A suicide bomber assaulted a military convoy in the Khyber Pakhtunkhwa province in Pakistan on Tuesday evening, injuring at least 21...

Brunei’s Sultan becomes the longest-reigning monarch in the world!

Brunei (CU)_ The Sultan of Brunei has now become the longest-reigning monarch in the world after the death of Her Majesty Queen Elizabeth II,...

Malaysian legislators review New Zealand tobacco policies!

Kuala Lumpur, Malaysia (CU)_ Malaysia has dispatched a legislative team to New Zealand to investigate the measures necessary to realize its smoke-free goals. According...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Ensuring construction doesn’t ‘cost the earth’

LANCASTER (CU)_ Landfills are sites for the dumping of waste material across the world. The UK sees millions of tonnes of one of our...

Weed killer detected in human samples in Australia

BRISBANE (CU)_One of the first studies of its kind in Australia has found 8% of urine samples taken from the public had the common...

Researchers unlock the code to breed better peas

PERTH, Australia (CU)_An international team of scientists have found exactly how peas have evolved and indicated the traits breeders can leverage to make them...

Snapshot into the quality of England’s largest natural lake

LANCASTER (CU)_Concerns over the environment have been drawing more collaborations between academic institutions and citizen scientists across the world. ‘Love Your Lake: Big Windermere Survey’...

Scientists progress in unlocking new leukemia treatments

CANBERRA (CU)_Leukemia is a form of blood cancer which is usually treated with a bone marrow transplant. Scientists from The Australian National University (ANU)...

Metal, a possible solution against fungal infections

BRISBANE (CU)_Resistance of microorganisms to current therapies has been a key area of concern prompting new research into the area across the world as...

How paternal obesity may impact a child’s risk of dementia

LANCASTER (CU)_Obesity has been linked to a variety of health conditions, such as heart disease, diabetes, cancer and more. New research led by Lancaster...

Research indicates 10-year-olds lose sleep to check social media

LONDON (CU)_The negative effects of social media continue to be highlighted in a new study revealing that roughly 12.5% of 10-year-olds were losing almost...

New collaboration to combat spread of antimicrobial resistance

LONDON (CU)_The rapid increase of antimicrobial resistance has prompted researchers across the world the address the issue with urgency. The World Health Organization has...

Five Indian American businesswomen to speak at the 2022 Fortune Most Powerful Women Summit!

CALIFORNIA, USA (CU)_At the 2022 Fortune Most Powerful Women Summit, almost 80 famous businesswomen and prominent leaders in the fields of government, charity, education,...

Termites may play a more significant role in future ecosystems

LONDON (CU)_ When most of us hear the word ‘termite’ it would quite often be linked with a pest, however a new study demonstrates...

Rural homelessness increasing in the UK due to cost-of-living crisis

LONDON (CU) – Rising inflation continues to rearrange the lives of ordinary Britons across a wide range of financial backgrounds. As the newly formed...