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Singapore’s OCBC calls $500 million 4¼% subordinated notes due 2019
By Marisa Wong
Madison, Wis., Oct. 17 – Oversea-Chinese Banking Corp. Ltd. (OCBC Bank) issued a notice of redemption for its $500 million 4¼% subordinated notes due 2019 that are callable with a step-up in 2014.
OCBC Bank will redeem its outstanding notes in full on Nov. 18 at par plus accrued interest to the redemption date.
The financial group is based in Singapore.
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