In The News

Singapore Plans USD 68 Billion Bond Issue For Infrastructure

Inframation News

16 Feb 2021

Morrison & Foerster partner, Tessa Davis, was quoted in the article “Singapore Plans USD 68BN Bond Issue For Infrastructure Pipeline” by Inframation News on the Singapore government’s debt issuance plan to boost the infrastructure sector by financing major projects over the next 15 years. A bill will be tabled for the bond sale in parliament with the notes sold through the Significant Infrastructure Government Loan Act. Tessa shared “that infrastructure bonds have historically struggled to deal with risks during construction and are often relegated for refinancing in the post-completion or operational phase”.

"It would be an exciting development if the Singapore government can provide a benchmark for the standards and framework applied to resolve the issues with infrastructure bonds - especially at a time when banks have a decreasing appetite for long-tenure loans,” she said.

Tessa observed that “such assets also require heavy involvement from financiers, which bondholders may not be well-suited to manage, and the additional burden of the certification of ‘green credentials’ has also held back some market participants.”

Subscription required.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.