Singapore is part of a global borrowing rush to finance projects that provide environmental benefits and support sustainable development. Governments and corporates have sold a record US$260 billion worth of green bonds this year, an increase of 7% over the same period in 2023, according to data compiled by Bloomberg.
Singapore sold a green bond with a maturity of around 30 years on Tuesday, pushing global sales higher and in-line with its vow to raise $35 billion in environment-focused financing by 2030.
The city-state tapped the market for $2.5 billion through its latest offering and set a yield of 3.3%, according to a person familiar with the matter, who asked not to be identified.
