Monday 22 Apr 2024
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SINGAPORE (June 8): OCBC Bank and Wilmar International have inked a deal that pegs the interest rate of the agribusiness group’s existing US$200 million (S$267 million) revolving credit facility to its sustainability performance.

This is the largest sustainability-linked bilateral loan by a Singapore bank – one that is funded by a single lender and in collaboration with the borrower on achieving sustainability targets, say OCBC and Wilmar in a joint statement this morning.

Under the agreement, Wilmar is committed to furthering the sustainability agenda based on pre-set targets for a comprehensive range of environmental, social and governance (ESG) metrics. These will be assessed annually by Sustainalytics, a global provider of ESG research and ratings... (Click here to see the full story)

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