The Monetary Authority of Singapore (MAS), on Aug 4, 2022, priced $2.4 billion worth of 50-year sovereign green bonds. The bonds carry a coupon of 3.04% per annum (p.a.). The bond was the first 50-year bond issued by the government.
The Ministry of Finance (MOF) has allocated $700 million – or around 30% – of the proceeds from its first green bond to the Jurong Region Line (JRL) and Cross Island Line (CRL) in the FY2022.
The details were revealed in the first edition of the Singapore green bond report, which discloses the use of the proceeds raised from the bonds.
