By Susanna Moon
Chicago, Nov. 30 – Oversea-Chinese Banking Corp. Ltd. said it priced another A$100 million of three-year senior floating-rate notes due 2018 (expected Aa1/AA-/AA-) to be issued by OCBC Bank, Sydney Branch.
The floaters will be consolidated and form a single series with the A$400 million of senior floating-rate notes due 2018 issued Nov. 12, according to a company announcement.
Interest will be the Bank Bill Swap reference rate plus 86 basis points.
Australia and New Zealand Banking Group Ltd. is the bookrunner.
Proceeds will be used for the general corporate purposes.
As previously reported, the bank sold A$400 million of the three-year floaters on Nov. 12 under the bank’s $10 billion global medium-term note program.
The financial group is based in Singapore.
| Issuer: | OCBC Bank, Sydney Branch
|
| Issue: | Senior floating-rate notes, add-on
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| Amount: | A$100 million
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| Maturity: | 2018
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| Coupon: | Bank Bill swap rate plus 86 bps
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| Bookrunner: | Australia and New Zealand Banking Group Ltd.
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| Settlement date: | Dec. 2
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| Original issue date: | Nov. 12 for A$400 million
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| Expected ratings: | Moody’s: Aa1
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| Standard & Poor’s: AA-
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| Fitch: AA-
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