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Singapore inks first loan facility linked to the SORA index

The DBS and agribusiness group Wilmar have been the first to use Singapore's alternative to the scandal-tainted LIBOR index
Singapore inks first loan facility linked to the SORA index

DBS Bank and agribusiness group Wilmar last week signed Singapore’s first transaction pegged to Singapore Overnight Rate Average (SORA) in the agribusiness sector – a S$200m (US$146m) revolving credit facility.

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