Home News Banking & finance

DBS and Wilmar ink $200 mil SORA-based loan, a first for the agri-business industry

Felicia Tan
Felicia Tan8/27/2020 08:50 AM GMT+08  • 2 min read
DBS and Wilmar ink $200 mil SORA-based loan, a first for the agri-business industry
This is the agri-business industry’s first SORA loan coupled with an IRS.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS Bank and Wilmar International have signed a $200 million corporate loan agreement pegged to the Singapore Overnight Rate Average (SORA) on August 27.

The loan facility’s interest rate, which references SORA, comprises a compounded daily SORA rate calculated in arrears and an applicable margin.

At the start of each interest period, Wilmar will also have the option to enter into a SORA interest rate swap (IRS) to give certainty of interest rates.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.