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."
Proceeds from green bonds are predominantly used to finance or refinance climate…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda
Binance’s rivals muscle in on Bitcoin trading around the world
Citi picks Amit Dhawan to head Singapore commercial bank operations
China finance ministry echoes Xi’s call for bond trading at PBOC