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S’pore prices S$2.6b of 20-year green bonds at 2.4%

Published July 25, 2026 at 8:02 AM UTC

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Singapore has priced S$2.6 billion of 20-year green bonds at a coupon rate of 2.4%, according to the Monetary Authority of Singapore. The issuance marks the longest tenor yet for the city-state’s green bond program, which aims to fund environmentally sustainable projects. The 2.4% coupon reflects current market conditions, with global interest rates remaining elevated but showing signs of stabilization. Proceeds will finance public-sector infrastructure such as mass transit and energy-efficient buildings. The bond attracted strong demand from institutional investors, including asset managers and insurance companies, underscoring appetite for sustainable debt. The government plans to issue up to S$35 billion in green bonds by 2030, making this a key step in building a green yield curve. Investors benefit from a liquid, high-rated sovereign bond with clear environmental use-of-proceeds. Analysts say the pricing is competitive relative to comparable sovereign bonds, given Singapore’s AAA credit rating. The 20-year maturity provides long-term funding stability for multi-year green projects.