A&G News 18 April 2022

Allen & Gledhill advised United Overseas Bank Limited (“UOB”) and DB International Trust (Singapore) Limited (“DB International Trust”) on the establishment of a S$500 million secured medium term note programme (“Programme”), and issue of S$109 million 2.85% Class A1 sustainability-linked notes due 2026 and S$36 million 3.65% Class A2A sustainability-linked notes due 2026 (together, the “Notes”) by M&T Investments Pte. Ltd..

The Notes are backed by proceeds received from the sale, deregistration and/or lease of vehicles sold by Lion City Rentals Pte. Ltd, making them the first auto asset-backed securitisation in Singapore. The Notes are also the first sustainability-linked asset-backed securities in Singapore this year.

UOB acted as sole arranger and programme dealer in respect of the Programme and dealer for the Notes.

DB International Trust acted as note trustee and security trustee.

Advising UOB were Allen & Gledhill Partners Magdalene Leong, Fabian Tan, Andrew Chan, Jo Tay and Kelvin Wong.

Advising DB International Trust was Allen & Gledhill Partner Daselin Ang.

More

A&G News 12 January 2023

Allen & Gledhill and its network firms continue to be recognised as leading law firms in South-east Asia in The Legal ...

Read more