Ho Bee Land (SGX:H13) priced SG$150 million worth of 3.30% fixed rate green bonds due on June 30, 2031, according to a Tuesday filing with the Singapore Exchange.
The bonds fall under the developer's SG$800 million multicurrency medium-term bond program.
DBS Bank was appointed as the sole global coordinator for the issuance. It is also acting as a joint lead manager and bookrunner alongside Oversea-Chinese Banking Corporation or OCBC.
Net proceeds from the bonds will be used to fund, finance, or refinance eligible green projects.
The bonds are expected to be issued on June 30, the filing said.
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