Topic of Interest: #OCBC (227 Articles Found)

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FEHT secures first sustainability-linked loan facility of $125 mil from OCBC

Far East Hospitality Trust (FEHT) has secured its first sustainability-linked loan facility worth $125 million on Mar 29. The five-year loan was secured from OCBC, the sole lender of the transaction. The loan will be used to refinance…

Goodbye ATM cards? OCBC to roll out face verification at ATMs

Forgot to bring your OCBC ATM card? You will soon be able to check your bank account balances or withdraw cash by scanning your face at the bank’s ATMs. On Thurs, OCBC said it will be enabling face…

Hospitality REITs on the road to recovery: OCBC

Hospitality REITs have borne the brunt of the COVID-19 pandemic but are now on the road to recovery, according to OCBC Investment research. “Singapore started vaccinations in Dec 2020 and targets to vaccinate the entire population by 3Q…

Green practices to help Singapore in post-pandemic environment: OCBC

Singapore’s Budget 2021 should focus on pushing to ingrain green practices as these will ensure a sustainable recovery in a post-pandemic world, OCBC noted in its SG 2021 Budget Preview. OCBC explained that green practices—such as reducing unnecessary…

Mapletree Logistics Trust secures $200m green loan from OCBC

Logistic space provider Mapletree Logistics Trust has secured a $200m green revolving credit facility from OCBC. The company will use the money to finance the working capital requirements in line with the eligibility criteria of MLT’s newly established…

OCBC floats Singapore’s first consumer loan for installating solar panels

OCBC has launched Singapore’s first consumer loan for the installation of residential solar panels, the bank said. The loan facility provides landed property homeowners with a term financing option for the installation of solar panels. Each homeowner can…

OCBC extended more than S$1b in Sora-linked home loans since launch

More than S$1 billion of home loans linked to Sora – an alternative interest rate benchmark – was extended by OCBC in less than six months since its launch, the lender said on Tues. Out of which, half…

OCBC adopts risk-management framework Equator Principles for infrastructure projects

OCBC on Tues said it has adopted the Equator Principles, an internationally recognised risk-management framework for financial institutions worldwide. The framework guides banks on how to determine, assess and manage environmental and social risks in large-scale development projects.…

A third of home loan borrowers face repayment challenges: poll

Covid-19 was a setback for Singaporeans’ financial health, impacting their ability to pay their housing loans and dragging down their passive income, a survey by OCBC has found. The OCBC Financial Wellness Index, which launched in 2019, has…

Private home sales’ 30.8% drop in October ‘unsurprising’: analyst

There’s an “unsurprising” 30.8% y-o-y and 51.7% m-o-m drop in new home sales in Oct, according to the latest report by OCBC Investment Research. For Oct, developers have sold only 642 private residential units, not including ECs, according…

Tong Eng Group secures $71m green loan from OCBC

Property developer Tong Eng Group has secured a $71m SORA green loan with OCBC. This mark’s OCBC and Tong Eng Group’s first green loan referencing SORA. This is also OCBC’s third SORA-based corporate loan, with the first two…

OCBC says Singapore online sales boom doesn’t spell demise of physical stores

OCBC is of the view that while online sales will continue to grow in Singapore, this does not mean the end of the road for brick-and-mortar stores, with suburban malls outperforming those located elsewhere. In a commentary on…

Hospitality sector face slow recovery in H2: Analyst

Whilst the outlook remains challenging overall, Singapore’s hospitality REITs could expect to see slow recovery in the second half of the year as markets slowly reopen, reports OCBC Investment Research. First half results for three hospitality REITs under…

OCBC floats new SORA-based home loan

OCBC is launching a new SORA-based home loan referencing the three-month Compounded SORA published by MAS, it revealed. This follows after the bank released its first SORA-based home loan last July. Interest rates for this loan were based…

OCBC launches first SORA-based home loan

OCBC has launched Singapore’s first home loan referencing SORA, an alternative benchmark rate, available to buyers of completed private properties with a minimum loan size of S$1 million. This is another step in the industry’s move toward adopting…

OCBC to reopen all branches over next two weeks during Phase 2 of Singapore’s reopening

OCBC Bank will reopen all its branches progressively over the next fortnight during the second phase of Singapore’s post-“circuit breaker” reopening, it said on Thurs. Five branches at Bishan, Bukit Panjang, Jurong West, City Square Mall and Paya…

COVID-19: OCBC reopens 3 more branches and 1 premier banking centre

OCBC announced on Thurs that it has reopened three more branches and one dedicated OCBC Premier Banking Centre, as Singapore begins to lift its “circuit breaker” restrictions. There are now a total of 27 OCBC branches open for…

OCBC TDSR Waiver – Is it time to refinance home loan with OCBC?

If you are on the lookout for a refinancing package, now is the right time. Just last week, we shared with on our blog about SCB’s TDSR waiver. Today, we want to let you know that OCBC is…

OCBC set to rejig branch network strategy as pandemic drives digital banking

In an early sign of how the Covid-19 pandemic could change the banking scene as we know it, Singapore’s second-largest bank said it expects to rejig its branch network strategy post-pandemic. As branch traffic looks to be permanently…

Frasers Centrepoint Trust expected to stay resilient amid Covid-19 pandemic: OCBC

Frasers Centrepoint Trust (FCT) has not been spared by the Covid-19 pandemic, but OCBC Investment Research remains optimistic that the reit will “remain resilient”. “[FCT’s] share price has taken a beating, in line with overall weak market conditions,”…

Mapletree Investments clinch $310m sustainability loan from OCBC

Mapletree Treasury Services, the wholly-owned subsidiary of Mapletree Investments, has secured its inaugural sustainability-linked loan of about $310m from OCBC, the company announced. The loan will be used for general working capital and corporate funding purposes, said Mapletree.…

Government support measures will boost CDLHT’s NPI

The 30% reduction in property tax is estimated to have a positive 2% impact on CDL Hospitality Trust’s (CDLHT) FY20 NPI and DPS, according to a note by OCBC Investment Research (OIR). This is expected to cushion the…

Singapore-based Keppel REIT in $110m green loan from OCBC

Keppel REIT has obtained an unsecured S$150 million green loan facility from OCBC, its second such facility this year, to grow its green building portfolio. In a disclosure to SGX, Keppel REIT’s manager said the green loan facility…

Acceptance rate for Yanlord’s general offer for United Engineers shares likely to be low, says OCBC

OCBC Investment Research believes Yanlord Land Group’s mandatory general offer for all the shares in United Engineers (UE) that it does not hold is “unlikely to gain many acceptances”. China-based property developer Yanlord on Oct 25 had made…

CapitaLand Mall Trust bags $200m maiden green loan

CapitaLand Mall Trust (CMT) has secured a five-year $200m green loan from OCBC Bank in its first foray into green financing, its manager announced. All proceeds raised will be used to finance or refinance properties within its portfolio…

CDL weighs redevelopment options amidst Q2 profits slip

CityDev is actively evaluating redevelopment opportunities within its portfolio in a move that comes after a dismal Q2 performance that reversed the profit gains it achieved the previous quarter, according to analysts. Potential redevelopment targets include Fuji Xerox…

Demand for data centres to hit 56.5MW by 2022

This chart from OCBC Investment Research (OIR) shows that demand for data centres is projected to grow at a CAGR of 9.4% from 2019-2022, from approximately 39.5MW in 2018 to 56.5MW in 2022. Heated demand for data facilities…

S-Reits can no longer be seen as ‘low-risk’ if leverage limit is raised: OCBC

If the proposed changes of raising the leverage limit of S-Reits above the current leverage limit of 45 per cent goes through, debt markets can no longer take a “broad-brush” approach and assume S-Reits are “low-risk”. Instead, Reits…

Can Keppel DC REIT achieve 7% cap rate level?

Keppel DC REIT may struggle to acquire an above 7% cap rate level which it had traditionally achieved in the past given the increased competition for data centre assets and compression in cap rates, a report by OCBC…

OCBC says Soilbuild REIT has undemanding valuations, but still lacks catalysts

OCBC Investment Research is maintaining “hold” on Soilbuild Business Space REIT (SB REIT) as the REIT continues to await rent payment due from its master lease tenant, NK Ingredients. To recap, the distressed lanolin manufacturer is in the…

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