Singapore lays out guidelines for inaugural sovereign green bond issuance
The new legal framework which requires the public sector issuer to spell out the use of the proceeds and report on the project’s environmental impact has been hailed by the industry for setting the standards for green bond financing in Singapore and the region.
Hong Kong’s financial secretary Paul Chan described the government's issuance of a third digital green bond as "reflecting the market support for tokenised products". The many times oversubscribed issuance had a large range of global investors.
The money raised from the 3.5% notes, due in 2030, will go towards the data infrastructure firm's green projects such as energy efficiency at its data centres across Apac; DBS, Standard Chartered, HSBC and OCBC helped secure the bond.
Banks need access to better analytics to improve knowledge of their loan portfolios and to formulate their risk appetite, according to experts from Aon and XDI.
Investors with $8.8 trillion in assets want Asia’s electric utilities to cut emissions, strengthen disclosure and improve governance of climate-related risks.
