The Monetary Authority of Singapore (MAS) has priced Singapore’s $2.4 billion 50-year inaugural sovereign green bond with a 3.04% per annum (p.a.) coupon. The bond will mature in August 2072.
Of the amount, $2.35 billion was placed with institutional and accredited investors. The remaining $50 million will be offered to individual investors, who may submit their applications from 9am on Aug 5 to 12pm on Aug 10. The minimum sum for retail investors is $1,000, or 10 application units of $100 each.
The new bond is the first 50-year bond issued by the Singapore government and is the longest-tenor green bond issued by a sovereign to date.