News and Deals
News and Deals
Linklaters acted as counsel for the managers on the issuance of SGD 2.5bn (approx. US$1.85bn) Green Singapore Government Securities (Infrastructure) notes due 2054 by the Government of Singapore under its medium term note (MTN) programme. The offering included an approximately SGD 12.7m in aggregate principal amount for retail investors in Singapore via the public offer. Under the MTN programme, the Government is authorised to issue securities for moneys borrowed under the Significant Infrastructure Government Loan Act 2021 of Singapore (SINGA). The SINGA securities, which are in the form of bonds or notes, may only be issued in accordance with the SINGA and the Significant Infrastructure Government Loan Regulations 2021 (SINGR) from time to time by way of syndication, on such terms as agreed between the Monetary Authority of Singapore and the relevant dealers.
The successful issuance received strong demand from investors. The proceeds from the transaction will be used to finance expenditures in support of the Singapore Green Plan 2030.
The Linklaters team was led by Head of South and Southeast Asia Capital Markets Amit Singh, with support from counsel Xunming Lim, managing associate Cherrylene Lee and associate Alwyn Loy.
Head of South and Southeast Asia Capital Markets Amit Singh commented,
“We are grateful to have had the opportunity to advise on this highly prestigious bond issuance by the Government of Singapore. Our involvement not only demonstrates the strong capability of our team, but also the high level of trust accorded by key clients to execute best in class transactions.”
Linklaters has established a market-leading reputation in the Asia capital markets, offering clients the practical expertise and commercial awareness to maximise investment opportunities. With one of the largest teams of any firm focused on Southeast Asia, the firm has worked on many high-profile and landmark issuances across the region.