New grant to boost green bond issuance in Singapore

Singapore

SINGAPORE is keen to develop a green bond market that is globally valued at about US$200 billion, and the Monetary Authority of Singapore (MAS) will offer a grant to bond issuers to cover expenses, said a top minister on Thursday.

Bond issuers who qualify can offset all expenses from obtaining an external review of green bonds, up to a cap of S$100,000 per issuance, said Lawrence Wong, second minister for finance and minister for national development, at the IMAS conference.