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Tag: Singapore Overnight Rate Average (SORA)

Olam secures Singapore’s first SORA-pegged club loan with DBS and ICBC

Posted on September 28, 2020September 28, 2020

SINGAPORE: Food and agri-business Olam International Limited (Olam) has secured Singapore’s first club loan pegged to the Singapore Overnight Rate Average (SORA) with DBS Bank (DBS) and Industrial and Commercial Bank of China, setting the pace for the industry’s future syndicated SORA loans. The SGD200 million one-year committed revolving credit facility is also the industry’s…

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