Giti Tire prints SGD bond to fund its sustainability projects
- Allen Chiu
Giti Tire issued SGD 150m ($116m) 5-year sustainability SUNs last week as the tire manufacturing company looks to finance expenditures related to its green and social projects.
DBS, Barclays, and HSBC co-led the sustainability bonds, at a final price guidance of 5.75%. Both the issuer and the bonds are unrated.