The Financial Authority of Singapore MAS on Thursday August 4 introduced the nation’s first inexperienced bond issuance, setting a precedent for additional inexperienced issuances by corporates and governments within the area.
The 50-year, S$2.4 billion $1.7 billion bond was priced at 3.04% and noticed “robust” demand from institutional buyers throughout the book-building course of, based on the discharge. A S$50 million tranche was made obtainable to particular person buyers from August 5.
Mushtaq Kapasi, managing director and chief consultant for APAC the Worldwide Capital Market Affiliation ICMA, welcomed the brand new issuance, which aligned with ICMA’s Inexperienced Bond Rules 2021, and the ASEAN Inexperienced Bond Requirements 2018. The…
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