The bank is set to be the first one to issue sovereign green bonds.
On 1 August 2022, MAS announced the upcoming issuance of Singapore’s inaugural sovereign green bond known as Green Singapore Government Securities (Green SGS).
The Green SGS bond forms part of the Singapore Dollar (SGD$) 35 billion of sovereign and public sector green bonds that the Government of Singapore and its statutory boards will issue by 2030.
It will be launched via a book-building process and will be denominated in SGD with a tenor of either 30 or 50 years at a minimum issuance size of about SGD $1.5 billion.
Proceeds will be used to finance expenditures in support of the Singapore Green Plan 2030, including the Jurong Region Line and the Cross Island Line.
