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.

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