The second largest Singaporean bank by assets is offering a six-year callable deposit with fixed interest rate, whose proceeds will be invested in securities issued by companies that meet the OCBC’s ESG criteria.

Launched on 24 September, the tranche for the first three years will pay an annualised interest rate of 1.2% and 1.25% for the next three years. The offering marks the first ESG-linked structured deposit in Singapore, available for subscription until 8 November.   The payout is easier for customers to understand compared with structured deposits whose return are variable contingent on the performance of underlying assets, according to New Say Ping (pictured) , regional head of investment &

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