Singapore, September 22: Singapore's Ministry of Finance on Thursday published the first edition of the Singapore Green Bond Report.
The report provides timely disclosure on the use of proceeds of green bonds issued under the Singapore Green Bond Framework.
It details the allocation and expected environmental impact of Singapore's sovereign green bond for the financial year 2022.
A limited assurance engagement has been undertaken by PricewaterhouseCoopers LLP in respect of the allocation of proceeds as of March 31, 2023.
The Singapore government issued its inaugural 2.4 billion Singapore dollars (1.76 billion dollars) sovereign green bond, Green SGS (Infrastructure) bond, in August 2022.
As of March 31, 2023, 30 percent of the green bond proceeds (0.7 billion Singapore dollars) have been allocated to finance capital expenditure of the Jurong Region Line and Cross Island Line. The remaining unallocated proceeds are expected to be fully allocated to the two lines by the end of the financial year 2024. (1 U.S. dollar equals 1.37 Singapore dollars).
Source: Xinhua