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The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed SGD 50 million 5-year senior unsecured green bond (rated AA by S&P) issued by Apeiron Agrocommodities Pte Ltd. (“Apeiron Bioenergy” or the “Company”) on 23 June 2023. This transaction marks Apeiron Bionergy’s debut issuance and the first SGD green bond guaranteed by CGIF. This transaction also signifies CGIF’s commitment in supporting thematic bonds.
The guaranteed green bond was successfully placed with domestic institutional investors at a competitive coupon rate of 4.487% p.a. The bond was issued under the ASEAN+3 MultiCurrency Bond Issuance Framework, a policy initiative under the Asian Bond Markets Initiative (ABMI) to standardize the bond and note issuance processes and with the goal of strengthening bond market linkages among the ASEAN+3 countries.
The proceeds of the issuance will be used to fund the Company’s business and capital expenditure under their Green Finance Framework. This framework was developed to demonstrate the Company’s commitment to the integration of environmental, social and governance (“ESG”) factors into its operations and their intention to undertake green financing transactions. Sustainalytics, a globally recognized provider of ESG research, ratings and data, evaluated the Company’s Green Finance Framework and the alignment thereof with relevant industry standards and provided views on the robustness.