By Jennifer Chiou
New York, March 6 - Oversea-Chinese Banking Corp. Ltd. said it priced $1 billion of senior fixed-rate bonds due March 13, 2015 with an interest rate of 1.625%.
Citigroup Global Markets Singapore Pte. Ltd. was the global coordinator with OCBC Bank, Credit Suisse (Singapore) Ltd. and Morgan Stanley Asia (Singapore) Pte. as joint lead managers and bookrunners.
Oversea-Chinese said it expects the bonds to be rated Aa1 by Moody's Investors Service, AA- by Fitch Ratings and AA- by Standard & Poor's.
Proceeds will be used for general corporate purposes.
The bonds are expected to settle on March 13 and to be listed on the Singapore Exchange Securities Trading Ltd. on March 14.
Oversea-Chinese is a Singapore-based lender.
| Issuer: | Oversea-Chinese Banking Corp. Ltd.
|
| Issue: | Senior fixed-rate bonds
|
| Amount: | $1 billion
|
| Maturity: | March 13, 2015
|
| Coupon: | 1.625%, payable semiannually
|
| Bookrunners: | Citigroup Global Markets Singapore Pte. Ltd. with OCBC Bank, Credit Suisse (Singapore) Ltd. and Morgan Stanley Asia (Singapore) Pte.
|
| Announcement date: | March 6
|
| Settlement date: | March 13
|
| Ratings: | Moody's: Aa1
|
| Fitch: AA-
|
| S&P: AA-
|
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