Issue of S$2.6 billion fixed rate bonds due 2046 under the Government of Singapore’s medium term note programme for issuance of Singapore Government Securities (Infrastructure) (including Green SGS (Infrastructure)) via syndication
Allen & Gledhill, as transaction counsel, advised the Monetary Authority of Singapore (“MAS”) on the issue of S$2.6 billion fixed rate bonds due 2046 (“Bonds”) under the Government of Singapore’s medium term note programme for issuance of Singapore Government Securities (Infrastructure) (including Green SGS (Infrastructure)) via syndication.
The Bonds are Singapore’s first sovereign green bonds with a 20-year tenor, and form part of the pipeline of up to S$35 billion of sovereign and public sector green bonds that the Government of Singapore and its statutory boards intend to issue by 2030.
Proceeds from the Bonds will be used to finance expenditures in support of the Singapore Green Plan 2030, including two new MRT lines - the Jurong Region Line and the Cross Island Line, to build green infrastructure for a financially and environmentally sustainable future.
Advising MAS were Allen & Gledhill Partners Yeo Wico, Jeanne Ong, Andrew Chan, Jo Tay and Sunit Chhabra.
