Singapore's Energy Market Authority to issue bonds as part of RM6.57bil programme to finance green energy transition

Proceeds from the programme will be used to finance infrastructure and investment projects, as well as refinance existing borrowings. - The Straits Times/ANN

SINGAPORE, Jan 15 (The Straits Times/ANN): To finance the Republic’s green energy transition and ensure the stability of the electricity market, the Energy Market Authority (EMA) is looking to launch green, sustainable and transition bonds as part of a $2 billion multi-currency medium-term note programme, The Straits Times has learnt.

Green bonds are financial instruments used to fund projects with environmental benefits, and provide investors with regular or fixed-income payments. Markets and regulators are currently moving towards tightening the definition of projects that can qualify for green bonds.