(Photo: OCBC)
Singaporean financial service group Oversea-Chinese Banking Corp. (OCBC) has partnered with Japan’s investment firm Mercuria Holdings to create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia.
According to the statement, the credit fund will provide debt to projects and businesses anticipated to improve sustainability in Asia including decarbonization. They will begin raising money in early 2024, soliciting financial institutions and companies in Japan and Southeast Asia.
