The Monetary Authority of Singapore (MAS) has announced plans to raise S$2.6 billion (US$1.9 billion) in its initial bond issuance to fund infrastructure projects.

Pinsent Masons MPillay is a Singapore joint venture law firm between Pinsent Masons, the law firm behind MPillay and Out-Law. He said: "This financing was conducted after the previous announcement and supports the Singapore government to develop for everyone. The long-term intention of a hub. Infrastructure project financing. This further proves that the Asian market is becoming more and more self-sufficient in these types of financing."

MAS will announce the interest on the bond due in October 2051 one hour after the auction. The bond will be issued on the secondary market on October 1.

This is the first Singapore Government Securities (SGS) bond issued by the Singapore government under the Important Infrastructure Government Loan Act (SINGA), which was introduced in February and approved by the President of Singapore in June. Keywords: international engineering news, foreign engineering project information

The government will be able to borrow up to S$90 billion to pay for infrastructure construction costs that will last for at least 50 years. The annual interest limit for such loans cannot exceed S$5 billion, and each legally funded project must be large in scale and cost at least S$4 billion.Editor/Baohongying