Oversea-Chinese Banking completes redemption of 4% tier 1 perpetuals

By Mary-Katherine Stinson

Lexington, Ky., Aug. 24 – Singapore’s Oversea-Chinese Banking Corp. Ltd. completed the previously announced redemption for all the outstanding of its S$1 billion 4% tier 1 perpetual capital securities (ISIN: SGXF81199428) on Aug. 24, according to a notice.

The securities were redeemed at par.

The record date was Aug. 17.

Interest ceased to accrue on the redemption date. Following the redemption, the securities will be canceled and delisted from the Singapore Exchange.

The securities were originally issued Aug. 24, 2018.

The issuer is a financial group based in Singapore.

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