Oversea-Chinese Banking unit calls S$400 million 3.93% preference shares

By Toni Weeks

San Luis Obispo, Calif., Feb. 11 – Oversea-Chinese Banking Corp. Ltd. subsidiary OCBC Capital Corp. intends to redeem its S$400 million of 3.93% non-cumulative non-convertible guaranteed OCBC OCC-A preference shares, according to a notice.

The shares will be redeemed at the liquidation preference of S$100 per preference share plus accrued interest on March 20.

The record date of March 3 will be used to determine entitlement to the redemption proceeds and the final preferential dividend.

Oversea-Chinese is a financial group based in Singapore.

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