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OCBC to launch venture debt

Its debt financing is aimed at helping startups which have raised capital through venture capitalists.
Tuesday, June 9, 2015 - 05:50
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"Today, we continue to be a leading banker in the SME segment. Over 40 per cent of SMEs in Singapore have a banking relationship with OCBC, and every one in two new businesses formed every year bank with us. In fact, we were the first bank to introduce dedicated products and services to meet the needs of these emerging businesses in 2006." - Tan Chor Sen, OCBC's head of international, global commercial banking

LATER this year, OCBC will launch venture debt, a form of debt financing structured for young companies which have earlier raised capital from venture capitalists or angel investors.

Of these young companies, fast-growth companies are likely to be the biggest adopters of venture debt, Tan