SMU completes issuance of $150m Sustainability Bond

The proceeds of the bond will fund its environmental and social initiatives.

Singapore Management University (SMU) announced the issuance of its inaugural Sustainability Bond, raising $150m to advance its environmental and social initiatives.

The proceeds of the bond will finance or refinance SMU’s green and social projects that deliver clear environmental and social benefits, as guided by its newly established Sustainable Financing Framework.

SMU’s Sustainability Bond, the first of such by an autonomous university in Singapore, was issued on 28 July 2025 at a coupon rate of 2.022% and will mature on 28 July 2032.

The Oversea-Chinese Banking Corporation Limited (OCBC) will be its sole lead manager and bookrunner.

Professor Lily Kong, SMU President, said that 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.”

“Launching this bond in our 25th anniversary year feels especially meaningful — it signals our intent to grow with purpose, and to leave a positive, lasting impact on the communities we serve,” she added.

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