The National Environment Agency (NEA) of Singapore has launched a multicurrency medium-term note (MTN) and green bond framework worth SGD3 billion. The proceeds from the MTN programme will be used to fund the agency’s sustainable infrastructure development initiatives, including as NEA’s flagship waste management project, the Tuas Nexus Integrated Waste Management Facility (IWMF).
V.E, a division of Moody’s environmental, social and governance (ESG) solutions, will provide second party opinion on the issue of the sustainable bonds. DBS Bank is the sole arranger for NEA’s MTN programme and the green bond framework’s green structuring adviser.
Tuas Nexus IWMF will be the first integrated facility in Singapore to treat incinerable waste and dewatered sludge. It will also be able to sort recyclables collected from households as part of the national recycling programme.
