OCBC, CapitaLand ink first loan using Singapore’s new SORA benchmark

OCBC Bank and developer CapitaLand have inked a S$150 million three-year corporate loan. It is Singapore's first loan product referencing the new interest rate benchmark. The Singapore Overnight Rate Average (SORA) benchmark tracks the average rate of unsecured overnight interbank Sing-dollar transactions brokered in Singapore. It is set to replace the current Swap Offer Rate (SOR) benchmark by the end of 2021. Subscribe to our channel here: cna.asia/youtubesub Subscribe to our news service on Telegram: cna.asia/telegram Follow us: CNA: cna.asia CNA Lifestyle: www.cnalifestyle.com Facebook: www.facebook.com/channelnewsasia Instagram: www.instagram.com/channelnewsasia Twitter: www.twitter.com/channelnewsasia

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