SINGAPORE BOND MARKET MECHANICS
Green Sovereign Bonds
Green SGS vs Conventional SGS Curve
How to compare Singapore sovereign green bonds with conventional government bonds.
MECHANISM
Comparing green and conventional SGS requires controlling for maturity, duration, coupon and liquidity. Any observed spread can reflect more than a 'greenium', including benchmark and issue-specific effects.
WHAT TO MONITOR
Use nearby-maturity pairs and monitor the spread through time rather than relying on a single observation.
Primary-source starting points: Monetary Authority of Singapore — Bonds and Bills and Singapore Ministry of Finance — Assets and Liabilities. Source availability varies by mechanism.
← ALL SINGAPORE MECHANICS