Re-Opening issuance of S$2.8 billion fixed rate bonds due 2072 under the Government of Singapore’s medium term note programme for issuance of Singapore Government Securities (Infrastructure) via syndication
Allen & Gledhill, as transaction counsel, advised the Monetary Authority of Singapore (“MAS”), on the re-opening issuance of $2.8 billion fixed rate bonds due 2072 (“Bonds”) under the Government of Singapore’s medium term note programme for issuance of Singapore Government Securities (Infrastructure) via syndication (“Programme”).
The Bonds are Singapore’s sovereign green bonds and a re-opening issuance of the 50-Year Green SGS (Infrastructure) issued in August 2022 (“50Y Green SGS (Infrastructure)”).
The 50Y Green SGS (Infrastructure) forms part of the pipeline of up to S$35 billion of sovereign and public sector green bonds that the Government and its statutory boards will issue by 2030. Proceeds from the reopening issuance of 50Y Green SGS (Infrastructure) will also be used to finance expenditures in support of the Singapore Green Plan 2030.
Advising MAS were Allen & Gledhill Partners Yeo Wico, Jeanne Ong, Sunit Chhabra and Jo Tay.