Singapore’s OCBC Bank and Malaysia’s RHB Banking group have entered into a two-year, SGD$150 million sustainability-linked loan and cross-currency swap. OCBC has also extended an SGD100 million sustainability linked loan to RHB Bank Singapore. According to the banks, both transactions were structured in a way that promote and drive impactful sustainable business practices, as they allow RHB to enjoy better rates if it meets the agreed sustainability performance targets in two key metrics. The targets are set around RHB's S&P Global Corporate Sustainability Assessment score and its sustainable finance services and commitments.

Source: The Edge Singapore