Home News Bonds and treasuries

Surbana Jurong prices $250 mil sustainability-linked bond due 2031, Singapore's first

Felicia Tan
Felicia Tan2/4/2021 11:34 AM GMT+08  • 2 min read
Surbana Jurong prices $250 mil sustainability-linked bond due 2031, Singapore's first
The offering was over six times oversubscribed, drawing over $1.7 billion in orders.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Surbana Jurong Group has, on Feb 4, successfully priced a $250 million sustainability-linked bond, making it the first Singapore dollar-denominated sustainability-linked bond.

This is also the first public sustainability-linked bond issuance from a Southeast Asian-based company and the first Asian sustainability-linked bond to feature a premium step-up structure at maturity.

The bond, which carries a coupon of 2.48% per annum, will be drawn down under Surbana’s US$1 billion ($1.33 billion) multicurrency debt issuance programme.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.