Welcome!
Singapore Overnight Rate Average (SORA)
Banking & finance
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
Banking & finance
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
Banking & finance
Olam International secures Singapore's first SORA-pegged club loan of $200 mil with DBS and ICBC
Proceeds from the loan will be applied towards general corporate purposes of Olam and its subsidiaries.
September 28, 2020
Banking & finance
DBS launches Singapore's first SORA-pegged business property loan
The loan, which will be available from September 3, allows SME business property owners to borrow up to 80% of their property value and stretch their repayment tenor to up to 25 years.
September 03, 2020
Banking & finance
UOB and CapitaLand collaborate on Singapore's first dual tranche SORA-SOFR loan for $200 mil
The dual tranche loan references both the Singapore Overnight Rate Average (SORA) and the Secured Overnight Financing Rate (SOFR), making it the first of its kind in Singapore.
September 03, 2020
Banking & finance
OCBC prices A$200 mil of senior floating rate notes due 2023
The notes will be issued by OCBC Bank, acting through its Sydney Branch, and are expected to be Repo Eligible by the Reserve Bank of Australia, said OCBC Bank in a press release on September 1.
September 01, 2020
Banking & finance
DBS and Wilmar ink $200 mil SORA-based loan, a first for the agri-business industry
This is the agri-business industry’s first SORA loan coupled with an IRS.
August 27, 2020
Singapore economy
MAS makes further moves to adopt SORA with floating-rate note sale, leads on Libor replacement in Asia
Singapore is blazing a trail for Libor replacement in Asia, as its central bank becomes the first government entity in the region to auction notes based on a new risk-free rate.
August 18, 2020
Singapore economy
MAS announces key initiatives to support adoption of SORA
MAS says the initiatives aim to speed up greater activity in SORA markets, safeguard the benchmark’s integrity, and enhance market confidence in the newly-introduced benchmark rate.
August 05, 2020