UOB and ADDX announced, on Oct 7, that they have collaborated on the digitalisation and digital custody of the inaugural sustainability-linked bond launched by Sembcorp Industries (SCI) on Sept 29.

In the announcement made by Sembcorp, UOB was appointed as a joint lead manager for the sustainability-linked bond issued by Sembcorp’s wholly-owned subsidiary Sembcorp Financial Services.

UOB has also partnered with ADDX to custodise and manage a $50-million portion of the bond.

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