OCBC makes first loan using Singapore’s new SORA benchmark
OCBC has made a
S$150 million ($108 million) loan referencing SORA – the
Singapore Overnight Average Rate – the first loan to use the new
rate, the bank said on Tuesday, part of a major global effort to
change lending benchmarks.
S$150 million ($108 million) loan referencing SORA – the
Singapore Overnight Average Rate – the first loan to use the new
rate, the bank said on Tuesday, part of a major global effort to
change lending benchmarks.
Posted by Reuters
