DBS kick-starts SE Asian green financing

The bank's head of fixed income explains how it hopes to help Singapore and the wider Asian region develop more forms of green financing.

DBS took an important step towards improving South East Asia’s poor track record in green financing earlier this week when it launched an inaugural green bond.

Asia ex-China has been much slower than other parts of the world to adopt green principles. As such, the group’s $500 million FRN not only marks the first dollar-denominated green bond from Singapore, but also from the wider South East Asian region as well.

The bank’s status as a quasi-government proxy means its deal should serve as a key benchmark for other issuers thinking of tapping the offshore bond market and DBS hopes it will help to bolster Singapore’s efforts...

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