Olam raises S$200m Sora-linked club loan

By Pan Yue
28 Sep 2020

Singaporean agribusiness Olam International has become the latest borrower in the country to offer a loan linked to the Singapore overnight rate average (Sora), a new benchmark.

The company raised a S$200m ($146m) one year club loan pegged to Sora, which is set to replace the Singapore swap offer rate (Sor) and the Singapore interbank offer rated (Sibor) at the end of 2021.

The Monetary Authority of Singapore came up with the new rate ...

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