Singapore Management University (SMU) has announced the issuance of its inaugural Sustainability Bond, raising $150m to support environmental and social initiatives. This landmark bond, issued on 28 July 2025, is the first of its kind by an Autonomous University in Singapore and will mature on 28 July 2032. Oversea-Chinese Banking Corporation Limited (OCBC) acted as the sole lead manager and bookrunner for the issuance.
The proceeds from the bond are earmarked for projects that deliver measurable environmental and social benefits, guided by SMU’s newly established Sustainable Financing Framework. This framework, developed in collaboration with OCBC, outlines criteria for allocating funds to projects such as green buildings, energy efficiency upgrades, and programmes promoting inclusive education.
SMU President Lily Kong highlighted the significance of the bond, stating, “This inaugural Sustainability Bond is more than just a financial instrument; it reflects our belief that universities must play a leading role in building a more sustainable and inclusive future.” She added that the bond aligns with the Singapore Green Plan 2030 and underscores SMU’s commitment to shaping future-ready graduates.
The bond has received a Second Party Opinion from Moody’s Investors Service, affirming its alignment with international standards and awarding it a Sustainability Quality Score of SQS2, or “Very Good.” SMU’s Senior Vice President of Administration, Lim Boon Wee, described the issuance as a strategic milestone, emphasising its role in enhancing environmental performance and social impact.
Elaine Lam, Head of Global Corporate Banking at OCBC, praised SMU’s leadership in integrating sustainability into its mission, noting the potential to inspire students to advocate for environmental stewardship and social equity.
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