News Formal

Wilmar, DBS ink agribusiness industry's first Sora-pegged loan

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

SINGAPORE (THE BUSINESS TIMES) - Agri-food giant Wilmar International has obtained a $200 million corporate loan pegged to the Singapore Overnight Rate Average (Sora), from DBS.. Read more at straitstimes.com.

SINGAPORE - Agri-food giant Wilmar International has obtained a $200 million corporate loan pegged to the Singapore Overnight Rate Average , from DBS.

Its interest rate comprises a compounded daily Sora rate calculated in arrears and an applicable margin. "Forward-looking companies like Wilmar are positioning themselves for the future by tapping Sora financing early. As for the interest-rate swap, DBS group head of treasury and markets Andrew Ng said it shows the bank's commitment to increase liquidity in Sora-derivatives.

In August 2019, it was announced that Singapore will move from the SGD SOR to Sora. This comes as the London Interbank Offered Rate will be discontinued by end-2021, which will affect SOR as it uses the US-dollar Libor in its computation.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 8. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Wilmar, DBS ink agribusiness industry's first SORA loanAGRI-FOOD giant Wilmar International has obtained a S$200 million corporate loan pegged to the Singapore Overnight Rate Average (SORA), from DBS. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »

Wilmar, DBS ink agribusiness industry's first SORA loanAGRI-FOOD giant Wilmar International has obtained a S$200 million corporate loan pegged to the Singapore Overnight Rate Average (SORA), from DBS. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »

Tesla's Musk hints of battery capacity jump ahead of industry eventTesla Inc's chief executive Elon Musk has suggested the U.S. electric carmaker may be able to mass produce longer-life batteries with 50per cent ...
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »

Skills facelift for spas, hair and beauty salons with launch of new industry frameworkSINGAPORE - Singapore's beauty industry is getting a skills facelift with the launch of a new framework to help more than 13,000 workers in the industry to plan their career and development pathways.. Read more at straitstimes.com.
출처: The Straits Times - 🏆 8. / 63 더 많은 것을 읽으십시오 »