Published on 8/14/2013 in the Prospect News Emerging Markets Daily.
New Issue: Oversea-Chinese Banking sells A$350 million notes of 2016 at bank bill swaps plus 68 bps
By Christine Van Dusen
Atlanta, Aug. 14 - Singapore's Oversea-Chinese Banking Corp. Ltd. priced A$350 million three-year notes (/AA-/AA-) at par to yield bank bill swaps plus 68 basis points, a market source said.
Commonwealth Bank of Australia, HSBC and JPMorgan were the bookrunners for the deal.
The issuer is a financial group based in Singapore.
| Issuer: | Oversea-Chinese Banking Corp. Ltd.
|
| Amount: | A$350 million
|
| Maturity: | Aug. 22, 2016
|
| Description: | Senior notes
|
| Bookrunners: | Commonwealth Bank of Australia, HSBC, JPMorgan
|
| Coupon: | Bank bill swaps plus 68 bps
|
| Price: | Par
|
| Spread: | Bank bill swaps plus 68 bps
|
| Trade date: | Aug. 13
|
| Settlement date: | Aug. 22
|
| Ratings: | Standard & Poor's: AA-
|
| Fitch: AA-
|
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