According to a statement from the Monetary Authority of Singapore, the Government of Singapore will launch its first green bond offering this week, beginning an S$35 billion (US$25 billion) multi-year green bond program with an inaugural issuance of at least S$1.5 billion (MAS).
The offering will be:
- Employed to assist the nation’s most recent sustainable transition strategy
- Used to reduce emissions by half by 2050
- Used to finance investments in biodiversity preservation, climate change adaptation, and pollution avoidance
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