Transition of Sibor loans to Sora: Here's all you need to know to make the switch by April 30, 2024
If you have a housing loan in Singapore, chances are that you would have heard the terms Sibor (Singapore Interbank Offered Rate) and Sora (Singapore Overnight Rate Average). The former is set to be discontinued after Dec 31, 2024. In fact, banks have not been issuing new Sibor-pegged loans since October 2021. With Sibor set to be discontinued after Dec...
Benchmarks Administration Co Monetary Authority Of Singapore Singapore Interbank Offered Rate Singapore Overnight Rate Average Monetary Authority Conversion Package
Source: asiaone.com