Singapore's OCBC Bank $500 million three-year notes talked at Libor + 12.5 bps

By Reshmi Basu

New York, June 7 - Oversea-Chinese Banking Corp. Ltd. set price guidance for its $500 million three-year senior unsecured floating-rate notes (Aa3/A/A+)in the area of 12.5 basis points over Libor, according to a market source.

Deutsche Bank Securities and Citigroup are the joint bookrunners for the Regulation S deal.

Pricing is expected at the end of the week.

Proceeds will be used for general corporate purposes.

Oversea-Chinese Banking is the third largest lending institution in Singapore.

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