The proceeds of the bond will be earmarked for financing and refinancing green and social projects that deliver “clear environmental and social benefits” under SMU’s sustainable financing framework that was established on June 27.
The Singapore Management University (SMU) has issued its inaugural sustainability bond, raising $150 million.
The bond, which is the first by an autonomous university in Singapore, carries a coupon rate of 2.022%. The bond, issued on July 28, will mature on July 28, 2032.
