Singapore's NTU to Launch SGD1bn in Sustainability-Linked Bonds

BY  
Seneca ESG  
- October 14, 2021

Singapore’s Nanyang Technological University (NTU) is issuing SGD1bn (USD741m) in multicurrency bonds to support its sustainability goals, as reported by The Straits Times on October 11. The sustainability-linked bonds (SLBs) will be issued under a medium term note (MTN) program arranged by the Oversea-Chinese Banking Corporation (OCBC) . Tan Kee Phong, Head of Capital Markets at OCBC, remarked that the university’s decision to launch SLBs helps pave the way for more organizations to use finance for a sustainable economic transition, as well as promote Singapore as an international sustainable finance hub.

The SLB issuance announcement came as part of NTU’s 15-year Sustainability Manifesto released on October 11. In the manifesto, the university also announced its target to achieve carbon neutrality by 2035, along with a 50% reduction of its emissions by the same year. Moreover, NTU aims to reduce its net energy use, water use, and waste generation by 50% by March 2026 from 2011 baseline levels. Other sustainability targets include Green Mark Platinum certification for all eligible buildings on campus, incorporation of sustainability in undergraduate common core curriculum, minimization of food waste, and the establishment of an NTU Sustainability Office to oversee and coordinate all sustainability efforts.

Subra Suresh, President of NTU, revealed that seven multinational organizations have signed on to be key partners in NTU’s sustainability journey, including HP , Hyundai , and Tata Consultancy Services . At the announcement of the SLBs, the global bond credit rating agency Moody’s Investors Services gave NTU a credit rating of “Aaa”, the highest available rating.

Sources:

https://www.straitstimes.com/singapore/environment/ntu-unveils-15-year-sustainability-plan-supported-by-1-billion-bonds-programme

https://www.sohu.com/a/494674162_121124029

https://www.ntu.edu.sg/docs/default-source/corporate-ntu/hub-news/ntu-news-release_ntu-sustainability-manifesto_11-october-2021_.pdf?sfvrsn=df2c762_2

지금 바로 Seneca ESG 툴킷 사용 시작하기

포트폴리오의 ESG 성과를 모니터링하고, 나만의 ESG 프레임워크를 만들며, 더 나은 비즈니스 의사결정을 내리세요.

Toolkit

Seneca ESG

관심 있으신가요? 지금 문의하세요

문의하려면 오른쪽 폼을 작성하시거나 아래 이메일 주소로 연락 주십시오.

sales@senecaesg.com

싱가포르 지사

7 Straits View, Marina One East Tower, #05-01, Singapore 018936

+(65) 6223 8888

바르셀로나 지사

Carrer de la Tapineria, 10

Ciutat Vella, 08002, Barcelona, Spain

+34 612 22 79 06

타이베이 지사

77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414

(+886) 02 2706 2108

리마 지사

Av. Santo Toribio 143,

San Isidro, Lima, Peru, 15073

(+51) 951 722 377