E7
Proceeds from the green bond will be used to fund or re-finance green projects such as the E7 building.
The National University of Singapore (NUS) has raised S$300 million from its second green bond after a strong reception to its inaugural issuance in May 2020. With a fixed coupon rate of 1.62 per cent, the 10-year notes were fully subscribed and will mature in 2031.
NUS holds a corporate rating of Aaa – the highest possible grade – from Moody’s Investors Service. United Overseas Bank Limited is the sole lead manager and bookrunner for the bond issuance.
The proceeds will go towards financing further green projects such as the E7 facility, which bridges research between the Engineering and Medical fields, the state-of-the-art Wet Science Building, as well as energy-related initiatives.