By Wendy Van Sickle
Columbus, Ohio, June 2 – Singapore’s Sembcorp Financial Services Pte. Ltd. sold S$400 million 10-year green bonds at par to yield 2.45%, according to a company announcement.
DBS Bank Ltd. and United Overseas Bank Ltd. were the bookrunners for the deal.
OCBC Bank acted as green finance adviser.
Proceeds will be used to finance or refinance projects needed to deliver a low-carbon economy and that are consistent with the Paris Agreement’s long-term temperature goal.
The notes are guaranteed by Sembcorp Industries Ltd., an engineering and construction contractor in Singapore.
| Issuer: | Sembcorp Financial Services Pte. Ltd.
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| Guarantor: | Sembcorp Industries Ltd.
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| Amount: | S$400 million
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| Maturity: | June 9, 2031
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| Description: | Green bonds
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| Bookrunners: | DBS Bank Ltd. and United Overseas Bank Ltd.
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| Green finance adviser: | OCBC Bank
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| Coupon: | 2.45%
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| Price: | Par
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| Yield: | 2.45%
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| Trade date: | June 2
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| Settlement date: | June 9
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