Green bonds issuance: Time for Singapore stat boards to step up
Republic's focus on mitigating climate change impact a strong catalyst for such issues
Singapore
WITH Singapore gearing up to spend billions of dollars in mitigating the impact of climate change, bankers are looking to statutory boards for the issuance of green bonds to spur the growth of a S$6 billion market in Singapore.
Rahul Sheth, head of sustainable bonds and capital markets at Standard Chartered Bank, said: "Tapping the capital markets by encouraging the issuance of long-tenor sovereign green or sustainability bonds is certainly an effective way to fund these long-term infrastructure investments."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover