Singapore raised $2.8 billion of green bonds by reopening an existing 50-year maiden note it sold last year, adding resources to its climate-change efforts.
The city-state — which boosted the size from an earlier target of at least $1.8 billion — raised $2.75 billion via a placement to institutions and $50 million through a public offering, according to a person with knowledge of the matter, who asked not to be identified as the information is private. The issuer earlier announced details of the sale on the website of the Monetary Authority of Singapore, or MAS, which acted as a government agent in the sale.
