Singapore inks first loan facility linked to the SORA index
The DBS and agribusiness group Wilmar have been the first to use Singapore's alternative to the scandal-tainted LIBOR index
DBS Bank and agribusiness group Wilmar last week signed Singapore’s first transaction pegged to Singapore Overnight Rate Average (SORA) in the agribusiness sector – a S$200m (US$146m) revolving credit facility.
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