Baker McKenzie Wong & Leow Advised On USD 1 Billion Sustainability-Linked Syndicated Term Loan Facility For Aster Chemicals & Energy Pte. Ltd.

Baker McKenzie Wong & Leow advised on USD 1 Billion Sustainability-Linked Syndicated Term Loan Facility for Aster Chemicals & Energy Pte. Ltd.

Baker McKenzie Wong & Leow, the Singapore member firm of Baker McKenzie, advised DBS Bank Ltd. and OCBC Bank as mandated lead arrangers, underwriters, and bookrunners on a USD 1 billion sustainability-linked syndicated loan facility for Aster Chemicals & Energy Pte. Ltd.. The facility closed on 15 September 2025, reflecting strong demand from leading banks across Singapore, Indonesia, Thailand, the UAE, Japan, and Sri Lanka. DBS and OCBC also acted as Sustainability Coordinators, ensuring alignment of the facility with Aster Group’s Environmental, Social, and Governance (ESG) objectives. The SLL is directly linked to measurable reductions in Greenhouse Gas (GHG) emissions intensity.

Proceeds from the facility will support Aster’s general corporate purposes, including rejuvenation projects for its assets on Pulau Bukom and Jurong Island.

The Baker McKenzie Wong & Leow team advising on the transaction was led by Emmanuel Hadjidakis (Principal, Banking & Finance), and supported by Dawn Ho (Local Principal) and Qingxun Lin (Associate).

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