New grant to boost green bond issuance in Singapore
Bond issuers can offset expenses from obtaining external review of green bonds, up to S$100,000 per issuance
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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.
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