New Issue: Singapore's Oversea-Chinese Banking prices $500 million 3¾% notes due 2022 at 99.367

By Christine Van Dusen

Atlanta, Nov. 8 - Singapore's Oversea-Chinese Banking Corp. Ltd. (OCBC Bank) priced $500 million 3¾% notes due Nov. 15, 2022 (Aa2/A/A+) at 99.367 to yield 3.854%, or Treasuries plus 275 basis points, a market source said.

JPMorgan, Morgan Stanley, RBS and OCBC Bank were the bookrunners for the Regulation S deal, which was talked at a spread of 275 bps over Treasuries.

The notes are callable at 100 on Nov. 15, 2017.

OCBC Bank is a lender.

Issuer:	Oversea-Chinese Banking Corp. Ltd. (OCBC Bank)
Amount:	$500 million
Maturity:	Nov. 15, 2022
Description:	Notes
Bookrunners:	JPMorgan, Morgan Stanley, RBS, OCBC Bank
Coupon:	3¾%
Price:	99.367
Yield:	3.854%
Spread:	Treasuries plus 275 bps
Call features:	Callable at 100 on Nov. 15, 2017
Trade date:	Nov. 8
Settlement date:	Nov. 15
Expected ratings:	Moody's: Aa2
	Standard & Poor's: A
	Fitch: A+
Distribution:	Regulation S
Price talk:	Treasuries plus 275 bps

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