Organization : Ministry Of Social & Family Development
Facility Name : Sustainable Bond Grant Scheme
Country : Singapore
Website : https://www.mas.gov.sg/schemes-and-initiatives/sustainable-bond-grant-scheme
MAS Sustainable Bond Grant Scheme Singapore
MAS’ Sustainable Bond Grant Scheme encourages the issuance of green, social, sustainability and sustainability-linked bonds in Singapore and is open to first-time and repeat issuers.
Related / Similar Grant : MAS Green & Sustainability-Linked Loans Grant Singapore
Find out about scheme details, including qualifying criteria, eligible expenses and issuance process.
Description
Green, social, sustainability and sustainability-linked bonds can help channel capital towards catalysing broader adoption of sustainability practices.
Issuing such bonds allows companies to
** Meet corporate social responsibility (CSR) objectives.
** Diversify their investor base.
** Achieve long-term pricing advantage.
The Sustainable Bond Grant Scheme encourages the issuance of green, social, sustainability and sustainability-linked bonds in Singapore and is valid till 31 May 2023.
How to Apply?
Interested parties can write to fsdf [AT] mas.gov.sg for more information.
Applicants of Sustainable Bond Grant should submit their applications no later than 3 months after the issue date.
Grant Details
MAS recognises that issuers of green, social, sustainability and sustainability-linked bonds may have to bear additional costs, as they engage external reviewers to ascertain their green, social, sustainability and sustainability-linked bond status.
The details of the scheme are as follows
| Details | |
| Qualifying issuer | First time and repeat green, social, sustainability and sustainability-linked bonds. Issuers may apply for the grant multiple times. |
| Qualifying issuance | • Bonds of any currency with a pre-issuance external review or rating done to demonstrate alignment with any internationally-recognised green, social, sustainability and sustainability-linked principles or standards. • Green, social, sustainability or sustainability-linked bond issued and listed in Singapore. For sustainability-linked bonds, there must be post-issuance external review or reporting done annually for the first 3 years or up till the tenure of the bond, whichever is earlier. • Minimum size of $200 million or a bond programme size of at least $200 million with an initial issuance of at least $20 million. • Minimum tenure of 1 year.• Pre-issuance external review or rating and post-issuance external review or reporting work performed by external reviewers in Singapore. • Part of the sustainability advisory and assessment work performed by financial institutions in Singapore. |
| Eligible expense | Costs incurred in respect of the independent external review or rating done based on any internationally-recognised green/social/sustainability bond principles or framework.
• Pre-issuance external review or rating done which demonstrated alignment with any internationally-recognised green, social, sustainability and sustainability-linked bond principles or standards. • Post-issuance external review or reporting for allocation and reporting done annually for the first 3 years or up till the tenure of the bond, whichever is earlier. |
| Per-issuance cap | Cap of $100,000 or 100% of the eligible expense per qualifying issuance. |