By Reshmi Basu and Paul A. Harris
St. Louis, June 10 - Oversea-Chinese Banking Corp. Ltd. said it priced $500 million floating-rate notes (Aa3/A/A+) at Libor plus 10 basis points.
The bond priced below guidance of 12.5 basis points over Libor given earlier in the week.
Citigroup and Deutsche Bank Securities ran the books for the Regulation S offer.
Oversea-Chinese Banking is Singapore's third largest bank.
Issuer: Oversea-Chinese Banking Corp. Ltd.
Amount: $500 million
| Issue: | Floating-rate notes
|
| Maturity: | 2007
|
| Bookrunners: | Citigroup, Deutsche Bank Securities
|
| Coupon: | Libor plus 10 basis points
|
| Ratings: | Moody's: Aa3
|
| | Standard & Poor's: A
|
| Fitch: A+
|
| Price guidance: | 12.5 basis points
|
| Distribution: | Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
