The National University of Singapore (NUS) has successfully raised S$300 million through a green bond, the first of its kind among universities in Asia.
With a fixed coupon rate of 1.565 per cent, the 10-year notes will mature in 2030. DBS Bank is the sole lead manager and bookrunner for the deal.
The bond proceeds will go towards financing green projects. NUS’ new Green Finance Framework provides the overarching criteria and guidelines for the University to enter into green finance transactions, such as green bonds and loans. The Framework was conceptualised with valuable inputs from the NUS University Campus Infrastructure cluster, which oversees the sustainable planning, development and operations of campus infrastructure at NUS’ campuses.
Read the full article from NUS News