Having issued over SG$20m (US$14.7m) of its maiden sustainability-linked deposit, the Singaporean bank is now considering widening the range of its ESG-linked structured products.
The issuance amount has been ‘very encouraging’ with the second tranche offering the same return available for subscription until 2 January 2022. “[We] have plans to launch more sustainability linked structured deposit next year,” New Say Ping (pictured) , regional head of investment & structured products at OCBC Bank, told SRP. The proceeds of the callable deposits will be invested in notes, bonds or other fixed income securities issued by companies that meet the O