This is OCBC’s first sustainability-linked derivative (SLD) transaction with a Malaysian financial institution, but the second for RHB, following its successful structuring of Malaysia’s first green cross-currency swap in 2021.
OCBC Bank (SGX:O39
) and RHB Banking Group have entered into a two-year $150 million sustainability-linked loan and cross-currency swap between OCBC and RHB Bank Malaysia, the banks announced on May 2.
In addition, OCBC has extended a $100 million sustainability-linked loan to RHB Bank Singapore.
