HSBC launches $150m venture debt offering for Singapore firms

This will support various funding requirements with a tenor of up to three years.

HSBC introduced its $150m Venture Debt offering in Singapore which will provide flexible funding arrangements for high-growth companies to accelerate their growth.

In a statement, HSCB said the new offering will support various range of funding requirements such as capital expenditure, runway extensions or working capital for up to three-year tenor.

ALSO READ: HSBC unveils $1b ASEAN Growth Fund for digital platform players

Those who will avail of the offering will also gain access to more specialised financing structures which include those that involve equity warrant instruments.

“Singapore has a thriving ecosystem of start-ups, investors, and accelerators which HSBC is part of,” Priya Kini, Head of Commercial Banking, HSBC Singapore, said.

“A common painpoint we hear from start-ups is finding the right financing partner that understands their needs and can support them throughout their growth trajectory – from access to knowledge to skills and funding to strategic partnerships and network for their global expansion,” she added.

Kini added that companies will be evaluated based on their historical portfolio performance, key operating metrics, growth plans and customer acquisition strategies.