Singapore joins green finance bonanza with 50-year bond

Singapore’s new bond will help establish a curve for local currency green notes. - The Straits Times/ANN

SINGAPORE (Bloomberg): Singapore began marketing its first green bond, choosing a 50-year tenor as it joins countries from South Korea to Egypt looking to fund the battle against climate change.

The debt maturing in 2072 will be available to both institutional and retail investors. Details on the price and the yield will be published later on Thursday, according to the Monetary Authority of Singapore.