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Oversea-Chinese Banking calls S$395.83 million 4.2% preference shares
By Angela McDaniels
Tacoma, Wash., Oct. 27 – Oversea-Chinese Banking Corp. Ltd. will redeem its S$395,830,884 of 4.2% noncumulative class G preference shares on Dec. 20, according to a company announcement.
Holders will receive the liquidation preference of S$1 per preference share and any accrued dividends.
The payment date will be Dec. 21.
The issuer is a financial group based in Singapore.
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