UOL Treasury Services, a wholly-owned subsidiary of UOL Group, has secured a $540 million sustainability-linked loan pegged to Singapore Overnight Rate Average (SORA), a first for the Group.
The five-year loan will be used for general corporate purposes and refinancing of existing loan facilities. The loan is being financed by United Overseas Bank (UOB), DBS Bank and Oversea-Chinese Banking Corporation (OCBC), with each bank extending $180 million.
