Singapore to raise $2bn from its first green bonds this month

Float will finance rail network expansion to reduce automobile use

20220805N Singapore rail REUTERS

Singapore aims to improve public transportation services in order to reduce people's reliance on cars. © Reuters

TAKASHI NAKANO, Nikkei staff writer

SINGAPORE -- Singapore will raise 2.4 billion Singapore dollars ($1.7 billion) from its debut tranche of green bonds to be issued this month, with the funds to go toward the city-state's rail infrastructure.

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