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Published on 3/27/2009 in the Prospect News Emerging Markets Daily.

Oversea-Chinese Banking repurchases €27.96 million 7¼% notes

By Devika Patel

Knoxville, Tenn., March 27 - Oversea-Chinese Banking Corp. Ltd. said it bought back €27.96 million of its €400 million in 7¼% subordinated notes due 2011.

Following the cancellation of the repurchased notes on Tuesday, there will be €372.04 million of the notes remaining outstanding.

Oversea-Chinese Banking is a Singapore-based retail and commercial bank.


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