DBS Green Bonds Well Supported By Strong Investor Demand
DBS Group Holdings, rated Aa2/AA– (Moody’s/Fitch), successfully completed US$500 million in 5-year floating rate bonds on Tuesday. This was DBS’ debut green bond issue, with the use of proceeds earmarked towards green projects or assets, which are likely to include...
Credit Rating Grant Not Incentivising Singapore’s Bond Issuers
The Monetary Authority of Singapore announced a Credit Rating Grant last week to encourage potential Singapore dollar bond issuers to obtain a credit ratings, subsidising 100 per cent of the corporate’s credit rating expenses, subject to a cap of S$400,000 per...
