Singapore Overnight Rate Average (SORA)

Markets

SGX Group to launch Singapore and Japan-linked interest rate derivatives in 2H2024

The short-term futures will be linked to the Singapore Overnight Rate Average (SORA) and Tokyo Overnight Average Rate (TONA).

Bonds and treasuries

Searching for sunshine

Any potential drop in rates and credit spread widening will uncover opportunities for investors.

Bonds and treasuries

UOB ‘less enthusiastic’ on upcoming two-year SGS outperformance vs US Treasuries or Sora OIS

The two-year SGS, which matures on June 1, 2025, will be reopened on Feb 24 to the tune of $3.2 billion.

Global Economy

Briefs: Apple to slow hiring and spending in 2023; Tesla sells majority of stake in Bitcoin

"Mission largely accomplished ... hasta la vista, baby." -UK’s Boris Johnson signing off at his final parliamentary appearance.
ABS and industry steering committee finalise key settings of MAS recommended rate - THE EDGE SINGAPORE

Banking & finance

ABS and industry steering committee finalise key settings of MAS recommended rate

The rate will serve as the contractual fallback reference rate in wholesale SOR contracts after Dec 31, 2024.

Banking & finance

UOB to issue $400 mil perpetual capital securities with 4.25% fixed distribution rate

The perpetual capital securities are intended to qualify as Additional Tier 1 regulatory capital for the bank.
UOL secures $540 mil SORA-based sustainability-linked loan - THE EDGE SINGAPORE

Property

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

This is the first sustainability-linked SORA-pegged loan for UOL.
Keppel Land signs sustainability-linked, SORA-pegged loan with DBS - THE EDGE SINGAPORE

Green loans

Keppel Land signs sustainability-linked, SORA-pegged loan with DBS

The SORA-based loan is the first for the group.

Property

Over 60% of property loan customers prefer stability of SORA-based interest rates: UOB

The increasing awareness and acceptance of SORA-pegged products is a positive indicator for the financial industry.
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