JIC Venture

UOB and ADDX Collaborate On Sustainability-Linked Digital Bond

SINGAPORE, 7 OCTOBER 2021 – UOB and digital securities exchange ADDX have concluded the digitisation and digital custody of the inaugural sustainability-linked bond recently launched by Sembcorp Industries (Sembcorp). This initiative comes amid a rise in the use of digital securities to enhance the efficiency of bonds and other fixed income instruments. UOB was appointed as a joint lead manager for the S$675-million sustainability-linked bond issued by Sembcorp, through its wholly-owned subsidiary Sembcorp Financial Services (SFS). The bank also partnered with ADDX to custodise and manage a S$50-million portion of