The ELA is proud to welcome our newest member firms: Cains Advocates in Isle of Man and Bowmans - B&M Legal Practitioners in Zambia!
The ELA is proud to welcome our newest member firms: Cains Advocates in Isle of Man and Bowmans - B&M Legal Practitioners in Zambia!

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Sembcorp Financial Services’ issuance of its S$675 million Sustainability-linked Bonds

Submitted by Firm:
WongPartnership
Firm Contacts:
Jenny Tsin, Vivien Yui
Article Type:
Press Release
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WongPartnership was involved in Sembcorp Financial Services Pte. Ltd.’s issuance of its S$675 million Sustainability-linked Bonds (“SLB”) with the International Finance Corporation (“IFC”).
                                                                                                                     
Acting for DBS Bank Ltd. and United Overseas Bank Limited as anchor investor, our Debt Capital Markets Practice Partner Trevor Chuan led the Firm’s team in the transaction.
 
This was the first SLB issuance by an energy company in South East Asia and marked IFC's first investment globally in SLB. The net proceeds from the SLB will be used to finance Sembcorp’s general working capital requirements, refinancing its existing debt and financing or refinancing its renewable energy and other sustainability projects.

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