Issue of S$400 million fixed rate green bonds by Sembcorp Industries Ltd

A&G News 14 June 2021

Allen & Gledhill advised Sembcorp Industries Ltd (“SCI”) on the issue of the inaugural S$400 million 2.45% fixed rate green bonds due 2031 by Sembcorp Financial Services Pte. Ltd. (“SFS”) under the S$3 billion multicurrency debt issuance programme established by SCI and SFS.

This is the first green bond issuance by the Sembcorp group. With the completion of this offering, SFS will have successfully issued the first certified green bond under the Climate Bonds Standard by a Singapore-based energy company.

Advising SCI were Allen & Gledhill Partners Bernie Lee and Sunit Chhabra.