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Prospect News home > News index > List of issuers O > Headlines for Oversea-Chinese Banking Corp. Ltd. > News item
Published on 5/18/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Singapore’s Oversea-Chinese seeks consents to link floaters to Sonia

By Rebecca Melvin

Concord, N.H., May 18 – Oversea-Chinese Banking Corp. Ltd. commenced a consent solicitation to change the interest rate basis for its £250 million floating-rate covered bonds due 2023 (ISIN: XS1790067745), according to a regulatory announcement.

The company seeks to replace the existing Libor interest rate basis of the bond with an interest rate based on Sonia.

Barclays Bank plc, Singapore Branch has been appointed as solicitation agent in connection with the consent solicitation.

Oversea-Chinese Banking is a financial group based in Singapore.


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