S&P rates Oversea-Chinese Banking notes AA-

S&P said it assigned an AA- long-term rating to the A$300 million issue of Australian dollar-denominated senior unsecured notes issued by Oversea-Chinese Banking Corp. Ltd. (OCBC).

The notes are due in October 2020 and were issued under the bank's $10 billion global medium-term notes program.

The notes issued under the program will at all times rank equally among themselves and with all other unsecured and unsubordinated obligations of the bank, S&P said.

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