SINGAPORE (THE BUSINESS TIMES) - Surbana Jurong (SJ) Group has priced a S$250 million sustainability-linked bond due 2031.
The urban, infrastructure and managed-services consulting firm said in a statement on Wednesday (Feb 3) that the bond - more than six times oversubscribed - is the first Singapore dollar-denominated sustainability-linked bond, and the first public sustainability-linked bond issuance from a Southeast Asia based company.
The 10-year Singapore dollar bond at a coupon rate of 2.48 per cent drew tremendous interest from high-quality institutional investors and private banks , SJ said.
The offering, which drew over S$1.7 billion in orders, was issued under SJ s US$1 billion multi-currency debt-issuance programme.
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