OCBC extends first SORA-based loan to energy sector

The $100m loan was made to a Sembcorp subsidiary.

OCBC has extended its first SORA-based loan in the energy sector with a $100m loan to Sembcorp Financial Services, a wholly owned subsidiary of Sembcorp Industries.

The three-year loan is part of a S300m loan extended to Sembcorp by the bank.

The loan facility’s interest rate comprises two components: a compounded average of daily SORA rates calculated in arrears, and an applicable margin.

The compounded average SORA will be calculated in arrears using the “five-business day backward-shifted observation period” methodology.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.