Maintaining its push in sustainability financing Singapore’s largest bank DBS, as joint global coordinator and joint lead, successfully priced US$325 million senior unsecured fixed rate green notes due 2025, for renewable energy company Vena Energy.

One of Asia Pacific's largest independent power producers Singapore-based Vena Energy’s portfolio consists of solar and wind assets producing over 11-gigawatts in operation, construction and development.

Lim Wee Seng, Global Head of Project Finance, Energy, Chemicals and Infrastructure Group, DBS told The Asset, “Vena Energy, a leading energy company in Asia-Pacific, represents the new face of energy in Asia, green, nimble and able to access development financing across a multitude of financing instruments.

“It further validates our strategy to capture not just traditional project financing opportunities, but increasingly, capital markets opportunities arising from Asia’s rapidly evolving power generation and de-carbonisation needs,” added Lim.

The deal marks the first ever USD Corporate Green Bond benchmark offering from a Singapore-headquartered company, and builds on DBS’ ongoing project finance advisory partnership with Vena Energy on Taiwan’s largest solar-powered farm.

Vena Energy currently has assets and operations in Japan, South Korea, Taiwan, Thailand, Indonesia, Australia and the Philippines.