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GREEN BOND WEEKLY: Pakistan, Singapore to Join Sovereign Spree

Feb. 19, 2021, 4:12 PM

Pakistan and Singapore are joining the rush to debut in the green bond market amid buoyant investor demand.

Pakistan plans to sell $500 million in euro-denominated bonds to help boost development of hydroelectric power, said Malik Amin Aslam, an adviser to Prime Minister Imran Khan on climate change. The debt is set to be issued through the country’s state-owned Water & Power Development Authority, with JPMorgan Chase & Co. advising.

Khan’s government is investing in renewable energy to ramp up its economic stimulus in the wake of the pandemic. It’s also promised to ban construction of new coal power ...