THE second public offer of Singapore’s sovereign green bonds was not popular among retail investors, with applications totalling S$3.8 million out of S$50 million on offer.

This puts the subscription rate at about 0.08 times the amount offered to retail investors, according to a notice by the Monetary Authority of Singapore (MAS) on Wednesday (Aug 30).

The unsold bonds are reallocated to the placement tranche, which is now upsized to close to S$2.8 billion, from the initial S$2.75 billion.