DBS issues more than S$450m in Sora-pegged SME loans
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Singapore
DBS announced on Monday that it has issued more than S$450 million in Singapore Overnight Rate Average (Sora)-pegged loans as at end-April 2021, just over six months after the bank launched the market's first Sora-pegged business property loan.
The strong traction for loans which reference the Sora comes after Singapore's ceasing of the issuance of new loan products referencing the Swap Offer Rate (SOR) at the end of last month.
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