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UOB, Temasek offer up to US$500m in venture debt in Asia

Wednesday, July 22, 2015 - 05:50
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Eric Tham, UOB head of commercial banking, says that the partnership plays to the bank's strength in the SME (small and medium-sized enterprises) market.

Singapore

UNITED Overseas Bank (UOB) has tied up with Temasek Holdings to provide venture debt financing to start-ups in Asia, with the partners planning to dole out as much US$500 million over five years to high-growth companies.

In an exclusive agreement, the bank will acquire a