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Prospect News home > News index > List of issuers O > Headlines for Oversea-Chinese Banking Corp. Ltd. > News item
Published on 11/23/2016 in the Prospect News Emerging Markets Daily.

Oversea-Chinese Banking sets up $10 billion covered bond program

By Marisa Wong

Morgantown, W.Va., Nov. 23 – Singapore’s Oversea-Chinese Banking Corp. Ltd. announced it established a $10 billion global covered bond program.

Red Sail Pte. Ltd. will be the covered bond guarantor.

Barclays Bank plc, Singapore Branch, Credit Agricole CIB, Singapore Branch and OCBC are the joint arrangers and initial dealers of the Rule 144A program.

Proceeds will be used for general corporate purposes.

OCBC is a financial group based in Singapore.


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