NEA raises S$1.65b from maiden green bond issuance under S$3b MTN programme

SINGAPORE'S National Environment Agency (NEA) has raised S$1.65 billion worth of green bonds in a dual-tranche issuance after pricing the first and second series of its S$3 billion multicurrency medium term note (MTN) programme the night before.

This was announced on Tuesday by DBS, the sole arranger for NEA's multicurrency MTN programme and adviser for the agency's green bond framework.

The issuance comprised S$350 million in 10-year fixed rate notes as well as S$1.30 billion in 30-year fixed rate notes with coupons of 1.67 per cent and 2.5 per cent, respectively. Interest on both series is payable semi-annually in arrears.