CapitaLand, OCBC ink Singapore's first SORA-based loan

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No The $150m three-year corporate loan is part of a sustainability-linked loan. CapitaLand and OCBC have signed the country’’s first loan facility agreement referencing Singapore Overnight Rate Average (SORA), according to a joint announcement. The $150m three-year corporate loan is a milestone in the transition towards adopting SORA as the new interest rate benchmark for the Singapore dollar cash and derivatives markets. It is part of a $300m sustainability-linked loan extended by the bank to CapitaLand. read more