Fitch gives Oversea-Chinese notes AA-

Fitch Ratings said it assigned Oversea-Chinese Banking Corp.'s (AA-/stable) A$400 million floating-rate notes due 2017 a final rating of AA-.

The notes were issued under the bank's $10 billion global medium-term note program.

This follows the completion of the notes issue, as well as the receipt of final documents conforming to information previously received. The final rating is same as the expected rating assigned on March 14.

The senior notes are rated at the same level as Oversea-Chinese's AA- long-term issuer default rating. This is because the notes constitute direct, unsubordinated and senior unsecured obligations of the bank, and rank equally with all its other unsecured and unsubordinated obligations, Fitch said.

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