Singapore developer City Developments completed the city-state’s first green bond on 7 April 2017 with a S$100 million 2-year issue paying 1.98%.  The unrated bond is secured on Republic Plaza, an office building located in the heart of Singapore’s financial district at Raffles Place.  Green bonds, which have to meet market standards for being environmentally friendly, have garnered increasing interest from global fund managers keen on sustainable investing.

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