Published on 5/7/2014 in the Prospect News Emerging Markets Daily.
New Issue: Singapore's Oversea-Chinese Banking sells £250 million 2017 notes at Libor plus 40 bps
By Christine Van Dusen
Atlanta, May 7 - Singapore's Oversea-Chinese Banking Corp. sold £250 million floating-rate notes due May 15, 2017 (Aa1/AA-/AA-) at par to yield Libor plus 40 basis points, a market source said.
Nomura Securities was the bookrunner for the deal.
The issuer is a financial group based in Singapore.
| Issuer: | Oversea-Chinese Banking Corp.
|
| Amount: | £250 million
|
| Maturity: | May 15, 2017
|
| Description: | Floating-rate notes
|
| Bookrunner: | Nomura Securities
|
| Coupon: | Libor plus 40 bps
|
| Price: | Par
|
| Yield: | Libor plus 40 bps
|
| Trade date: | May 6
|
| Settlement date: | May 14
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
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