OCBC issues green trade finance facility to Seatrium

The trade facility, with issuance of Banker’s Guarantee, is worth about S$1.04b

OCBC Bank has provided Seatrium, an engineering solutions provider, with a green trade finance facility worth S$1.04b.

Issued with Banker’s Guarantee, this is one of the biggest syndicated financing solutions provided by a single bank in the maritime industry.

ALSO READ: OCBC unifies branding, renames Hong Kong and Macau subsidiaries

This trade financing solution, in line with internationally recognised Green Loan Principles, will assist Seatrium in its offshore renewable projects and decarbonisation initiatives.

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