Sembcorp bags S$100m Sora-linked loan

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By Pan Yue
20 Oct 2020

More Singaporean companies are making the transition to a new local currency benchmark rate in preparation for the end of Libor, with Sembcorp Industries becoming the latest firm to raise a loan linked to Sora.

OCBC Bank has provided the S$100m ($73.6m) three year Sora-based facility to Sembcorp’s wholly owned subsidiary Sembcorp Financial Services, according to a press release on Tuesday. The facility is part of a S$300m deal provided to the company by the bank.

Sora, or the the Singapore overnight ...

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