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Wilmar and DBS ink Singapore’s first SORA-based loan for the agribusiness industryAugust 26th, 2020
Singapore, 27 August 2020 – DBS and Wilmar International Limited (Wilmar), Asia’s leading agribusiness group, have inked the agribusiness industry’s first corporate loan agreement pegged to the Singapore Overnight Rate Average (SORA). At the start of each interest period, Wilmar will also have the option to enter into a SORA interest rate swap (IRS) to give certainty of interest rates. This is the industry’s first SORA loan coupled with an IRS.
