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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.
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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.

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