By Mary-Katherine Stinson
Lexington, Ky., May 11 – Singapore’s Oversea-Chinese Banking Corp. Ltd. issued A$1 billion senior floating-rate green notes due 2026 (Aa1/AA-/AA-), according to a notice.
The floaters will be issued at par with a coupon rate based on BBSW plus 78 basis points.
The notes were issued through the bank’s Sydney branch under the bank’s $30 billion medium-term note program. They are expected to be repo eligible by the Reserve Bank of Australia.
Australia and New Zealand Banking Group Ltd., Singapore Branch, National Australia Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and Westpac Banking Corp. acted as the joint lead managers.
Proceeds will be used to finance or refinance new or existing qualifying assets which meet the eligibility criteria for green bonds under OCBC’s sustainability bond framework.
The issuer is a financial group based in Singapore.
| Issuer: | Oversea-Chinese Banking Corp. Ltd., Sydney Branch
|
| Issue: | Senior floating-rate green notes
|
| Amount: | A$1 billion
|
| Maturity: | 2026
|
| Bookrunners: | Australia and New Zealand Banking Group Ltd., Singapore Branch, National Australia Bank Ltd., Oversea-Chinese Banking Corporation Ltd. and Westpac Banking Corp.
|
| Coupon: | BBSW plus 78 bps
|
| Price: | Par
|
| Settlement date: | May 18
|
| Listing date: | May 19
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA-
|
| Fitch: AA-
|
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