Economy
Singapore Appoints Five Banks for 1.63 Billion Dollar 20-Year Green Bond
The Business Times SG (Tech)
Key Points
- Singapore will issue a 1.63 billion dollar 20-year green bond.
- Five major banks have been appointed to arrange the bond.
- DBS, Deutsche Bank, HSBC, OCBC, and Standard Chartered are the institutions responsible for the process.
By the Numbers
1.63 billion $ bond value20-year maturity
Singapore has appointed five major banks as lead managers for its planned green bond issuance worth 1.63 billion US dollars with a 20-year maturity. The said banks will be responsible for the arrangement and issuance process of the bond.
The appointed institutions include DBS, Deutsche Bank, HSBC, OCBC, and Standard Chartered. This step is being taken to support the country's sustainability goals and provide financing for environmentally friendly projects. Green bonds are one of the commonly used financial instruments to encourage investments in areas such as renewable energy and the fight against climate change.
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Frequently Asked Questions
- What is the value of the green bond Singapore plans to issue?
- The value of the said green bond is planned to be 1.63 billion US dollars with a 20-year maturity.
- Which banks were appointed for the arrangement of this bond?
- DBS, Deutsche Bank, HSBC, OCBC, and Standard Chartered were appointed to arrange the bond.
- What is the purpose of green bonds?
- Green bonds are issued to provide financing for environmentally friendly projects that combat climate change and promote sustainability.
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