One of the basic lessons from the pandemic is how interconnected we are - your mask protects me, mine protects you. Early outbreaks of Covid in meat-processing factories - where workers cannot practice social distancing - were exacerbated by the fact these low-income workers lack sick pay. Unable to afford to (willingly ) forego wages, workers masked symptoms, hoped for the best, and clocked in, with disastrous results.
Singapore s push for green infrastructure bonds will spur private sector into action, say experts Toggle share menu
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Singapore s push for green infrastructure bonds will spur private sector into action, say experts
Singapore s plan to fund infrastructure projects with green bonds is set to spur the private sector into action, paving the way for a steady supply and demand for green financing, industry experts told CNA. Melissa Goh with more. 2 related media assets (image or videos) available. Click to see the gallery.
19 Feb 2021 11:27AM) Share this content
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SINGAPORE: Singapore s plan to fund infrastructure projects with green bonds is set to spur the private sector into action, paving the way for a steady supply and demand for green financing, industry experts told CNA.
The Straits Times
Green bonds for some public infrastructure projects
Mr Alvin Seo, global lead for environment, social and governance at solar company Maxeon Solar Technologies, said Singapore s plan to develop into a hub for sustainable finance and carbon services - which include trading carbon credits - could help in the green recovery from Covid-19 and lead to economic growth. PHOTO: COURTESY OF ALVIN SEO
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Innovative issue is the first sustainability-linked bond of its kind in Asia
4 Feb 2021 |
Chito Santiago
Surbana Jurong Group, a Singapore-based global urban, infrastructure and managed services consulting firm, on February 3 priced a S$250 million (US$186.60 million) sustainability-linked bond, representing the first Singapore dollar-denominated sustainability-linked bond and the first public sustainability-linked issuance from a Southeast Asia-based company. This is also the first Asian sustainability-linked bond to feature a premium step-up at maturity.
The unrated 10-year deal was priced at par with a coupon of 2.48%, or a spread of 132bp over Singapore dollar swap offer rate (SOR). With the sustainability-linked structure, Surbana Jurong was able to further expand and diversify its investor base as the deal was more than six times oversubscribed, attracting an order book in excess of S$1.7 billion. Several of the institutional investors participating in this offering are
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