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Singapore Overnight Rate Average (SORA)
Bonds and treasuries
Searching for sunshine
Any potential drop in rates and credit spread widening will uncover opportunities for investors.
August 04, 2023
Bonds and treasuries
UOB ‘less enthusiastic’ on upcoming two-year SGS outperformance vs US Treasuries or Sora OIS
The two-year SGS, which matures on June 1, 2025, will be reopened on Feb 24 to the tune of $3.2 billion.
February 21, 2023
Global Economy
Briefs: Apple to slow hiring and spending in 2023; Tesla sells majority of stake in Bitcoin
"Mission largely accomplished ... hasta la vista, baby." -UK’s Boris Johnson signing off at his final parliamentary appearance.
July 21, 2022
Zest
ABS and industry steering committee finalise key settings of MAS recommended rate
The rate will serve as the contractual fallback reference rate in wholesale SOR contracts after Dec 31, 2024.
July 18, 2022
Zest
UOB to issue $400 mil perpetual capital securities with 4.25% fixed distribution rate
The perpetual capital securities are intended to qualify as Additional Tier 1 regulatory capital for the bank.
June 28, 2022
Property
UOL secures $540 mil SORA-based sustainability-linked loan
This is the first sustainability-linked SORA-pegged loan for UOL.
October 01, 2021
Green loans
Keppel Land signs sustainability-linked, SORA-pegged loan with DBS
The SORA-based loan is the first for the group.
June 01, 2021
Zest
DBS and Standard Chartered execute Singapore’s first SORA-referenced interbank option trade
The trade was done on behalf of a global real estate group.
May 28, 2021
Property
Over 60% of property loan customers prefer stability of SORA-based interest rates: UOB
The increasing awareness and acceptance of SORA-pegged products is a positive indicator for the financial industry.
April 07, 2021
Zest
UOB prices Singapore's first capital securities with reset coupon rate that references SORA Overnight Indexed Swap rate
The securities are priced at a coupon of 2.25% per annum, 181 basis points above the prevailing five-year SORA-OIS as at Jan 7.
January 08, 2021