Singapore launches $2 billion green infrastructure bond at 2.4% yield (updated)

Oversea-Chinese Banking

22/07/2026 11:28

Updates headline and 1-2 paragraph with S$2.6 billion final size and 2.40% launched yield
By Yantoultra Ngui

    SINGAPORE, July 22 (Reuters) - Singapore launched a S$2.6 billion ($2.0 billion) green government infrastructure bond on Wednesday at a yield of 2.40%, according to a new term sheet seen by Reuters.

    The yield was tighter than initial guidance of around 2.55%. Earlier sheets showed the bond had drawn more than S$5.6 billion in orders from investors, including S$1.85 billion from the joint lead managers.
Here are more details from the term sheet:
The bond is due on August 1, 2046, and was launched at a yield of 2.40% per annum.
The Monetary Authority of Singapore is issuing the bond on behalf of the government. Proceeds will help fund major long-term infrastructure projects and spending eligible under Singapore's green bond framework.
The offer includes S$50 million for the public in Singapore and S$2.55 billion for institutional and other investors. MAS may change the final size and split between the two offers.
The bond is expected to settle on August 3, 2026, and list on the Singapore Exchange.
DBS DBSM.SI, Deutsche Bank DBKGn.DE, HSBC HSBA.L, OCBC OCBC.SI and Standard Chartered STAN.L are bookrunners. Reuters reported on the mandates on Tuesday.
($1 = 1.2907 Singapore dollars)

 (Reporting by Yantoultra Ngui; Editing by Eileen Soreng and Louise Heavens)
 ((Yantoultra.Ngui@thomsonreuters.com;))