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UOL secures $540 mil SORA-based sustainability-linked loan

Atiqah Mokhtar
Atiqah Mokhtar10/1/2021 07:57 AM GMT+08  • 2 min read
UOL secures $540 mil SORA-based sustainability-linked loan
This is the first sustainability-linked SORA-pegged loan for UOL.
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UOL Treasury Services, a wholly-owned subsidiary of UOL Group, has secured a $540 million sustainability-linked loan pegged to Singapore Overnight Rate Average (SORA), a first for the Group.

The five-year loan will be used for general corporate purposes and refinancing of existing loan facilities. The loan is being financed by United Overseas Bank (UOB), DBS Bank and Oversea-Chinese Banking Corporation (OCBC), with each bank extending $180 million.

See: CapitaLand China Trust secures $150 mil maiden sustainability loan from UOB

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