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MAS assigns a price of $2.8b for 50-year green SGS bond

The green bond’s yield of reopened issue of 3.04% per annum.

Singapore’s central bank announced that it reopened its Aug-72 bond, which is also known as the 50-year green Singapore Government Securities (SGS) Bond. 

In a statement, the amount offered for the bond is at $2.8b with a price of reopened issue at $99.260 per $100 of principal amount of the Bonds. 

The yield of the reopened issue at 3.04% per annum and a coupon rate of 3.000% p.a. Its maturity date is on 1 August 2072.

The Aug-72 is included in the pipeline of up to $35b of sovereign and public sector green bonds that the Singapore government and its statutory boards will issue by 2030. 

“The reopening of the Aug-72 will be issued under the Singapore Green Bond Framework, which details the Government’s intended use of green bond proceeds, the governance structure to select eligible projects, the operational approach to manage green bond proceeds, and the commitment to annual allocation and impact reporting,” read the Monetary Authority of Singapore (MAS) statement. 

The proceeds from the Aug-72 will be used to finance expenditures in support of the Singapore Green Plan 2030, including the Jurong Region Line and Cross Island Line.

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