To develop a new institutional asset class for mobilisation of private capital and enable banks to recycle capital in order to address the Asia Pacific infrastructure financing gap

Core Values


Committing to innovative and competitive solutions


Treating business partners and colleagues with the utmost regard


Operating to the highest ethical standards with transparency


Driving sustainable value for our stakeholders


Delivering outstanding results with prudent risk management


Our funding strategy is aimed at optimising the cost of borrowing through diversified funding sources and markets. The funding sources are capital market funding including the Euro Commercial Paper issuances and bank borrowings.

All our funding is irrevocably and unconditionally guaranteed by the Government of Singapore, which is rated Aaa, AAA and AAA by Moody’s, S&P and Fitch respectively.

Euro Commercial Paper (ECP)

Our US$500 million ECP programme is irrevocably and unconditionally guaranteed by the Government of Singapore and is rated P-1 by Moody’s and A-1+ by S&P. The ECP market provides us with access to competitive short-term funding and further complements our funding base.

For more information on the ECP programme, please see:

Information Memorandum Moody's ECP Programme Rating S&P ECP Programme Rating

Our current ECP programme dealers are ANZ, BRED, Citigroup and UBS.