Singapore issues longest-tenor sovereign green bond

The Monetary Authority of Singapore (MAS) issued a 50-year bond priced at a 3.04% yield, the central bank announced on Thursday (August 4), marking the longest-tenor green bond issued by a sovereign. The book-building process saw a combined placement order book of over S$5.3 billion, more than double the S$2.35 billion offered, MAS said in a statement. “The extension of the sovereign yield curve to 50 years will further develop the Singapore Dollar bond market and support longer…