Singapore joins green bond rush with RM9.77bil offering

SINGAPORE (Bloomberg): Singapore raised S$2.8 billion (US$2.1 billion - RM9.77 billion) of green bonds by reopening an existing 50-year maiden note it sold last year, adding resources to its climate-change efforts.

The city-state - which boosted the size from an earlier target of at least S$1.8 billion - raised S$2.75 billion via a placement to institutions and S$50 million through a public offering, according to a person with knowledge of the matter, who asked not to be identified as the information is private.