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HNB joins global lenders to back $ 1 b syndicated term loan

October 10, 2025

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Daily FT

Participates in sustainability-linked syndicated funding facility for Singapore's Aster Chemicals and Energy

HNB joins global lenders to back $ 1 b syndicated term loan

HATTON National Bank PLC (HNB) was part of a consortium of international lenders and credit funds that backed Singapore-based Aster Chemicals and Energy Ltd.'s successful $ 1 billion oversubscribed sustainability-linked syndicated term loan (SLL) facility.

HNB participated in this global sustainable financing arrangement alongside other leading banks including Clifford Capital, Mizuho Bank Ltd., PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, Singapore Branch, PT Bank Rakyat Indonesia (Persero) Tbk, Singapore Branch, Bangkok Bank PCL, First Abu Dhabi Bank PJSC (FAB), Indonesia Eximbank and Standard Chartered Bank.

The initial $700 million facility was upsized by an additional $ 300 million via the exercise of a green-shoe option, reflecting strong investor confidence and demand.

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