27
May
2020
|
16:39
Europe/Amsterdam

NUS raises S$300m in its first green bond issuance

NUS has raised $300 million through its first green bond issuance, making it the first university in Asia to issue a green bond. The 10-year notes have a fixed coupon rate of 1.565 per cent and are expected to be rated Aaa by Moody’s. NUS has also launched a new green finance framework to provide the overarching criteria and guidelines for it to enter into green finance transactions such as green bonds and loans.