NUS raises S$300m in its first green bond issuance

Singapore

THE National University of Singapore (NUS) has raised S$300 million through its first green bond issuance, making it the first university in Asia to issue a green bond.

The 10-year notes have a fixed coupon rate of 1.565 per cent and are expected to be rated Aaa by Moody's, said sole lead manager and bookrunner DBS on Wednesday. The deal was done by way of a private placement and fully underwritten by the bank.