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Issue 63: Singapore’s cheap 50-year green bond; modest progress for Indonesia’s coal phase-out

Kenneth Lim
Published Fri, Aug 25, 2023 · 07:00 PM
    • The deeply inverted yield curve means that Singapore is able to obtain long-term green financing at a relatively friendly rate.
    • The deeply inverted yield curve means that Singapore is able to obtain long-term green financing at a relatively friendly rate. ILLUSTRATION: KENNETH LIM

    In this issue: Singapore’s reopened 50-year green bond benefits from an inverted yield curve, while Indonesia’s JETP programme is still trying to find a path forward.

    Singapore

    Cheap long-term green financing, anyone?

    Singapore could hardly have picked a better time to reopen its 50-year green bond, returning to the market when a severely inverted yield curve means that long rates are significantly lower than short yields.

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