Global Market: Singapore launches green bond issue targeting up to $2 billion

Singapore on Wednesday launched a green government infrastructure bond offering, aiming to raise between S$2.1 billion and S$2.6 billion from investors to finance long-term sustainable infrastructure projects, according to a term sheet reviewed by Reuters.

The bond, scheduled to mature on August 1, 2046, carries initial price guidance of around 2.55%. The issuance is part of Singapore's efforts to fund major infrastructure developments while advancing its green financing agenda.

The Monetary Authority of Singapore (MAS) is issuing the bond on behalf of the government. The proceeds will be used to finance long-term infrastructure projects and expenditures that qualify under Singapore's green bond framework.


The offering includes S$50 million reserved for retail investors in Singapore, while up to S$2.55 billion has been allocated for institutional and other investors. Reuters reported that MAS retains the flexibility to adjust both the final size of the issuance and the allocation between retail and institutional investors depending on demand.

The bond is expected to settle on August 3, 2026, and will be listed on the Singapore Exchange, providing investors with a long-dated sovereign green investment option.

DBS, Deutsche Bank, HSBC, OCBC and Standard Chartered have been appointed as joint bookrunners for the transaction. Reuters had reported the banks' mandates on Tuesday.

The issuance underscores Singapore's continued use of green bonds to support large-scale infrastructure investments while expanding its sustainable finance market.