By Marisa Wong
Morgantown, W.Va., Oct. 30 – Singapore’s Oversea-Chinese Banking Corp. Ltd. said it priced A$200 million of additional senior floating-rate notes due 2020.
The notes will be consolidated and form a single series with the A$300 million of senior floating-rate notes due 2020 issued on Oct. 6, according to a company notice.
The notes (expected: Aa1/AA-/AA-) bear interest at the three-month Bank Bill swap rate plus 60 basis points.
Westpac Institutional Bank is the lead manager and bookrunner for the add-on issue.
The notes will be issued through the bank’s Sydney branch under its $10 billion global medium-term note program.
Proceeds will be used for the general corporate purposes.
The issuer is a financial group based in Singapore.
| Issuer: | Oversea-Chinese Banking Corp. Ltd.
|
| Issue: | Senior floating-rate notes, add-on
|
| Amount: | A$200 million
|
| Maturity: | 2020
|
| Bookrunner: | Westpac Institutional Bank
|
| Coupon: | Three-month Bank Bill swap rate plus 60 bps
|
| Expected ratings: | Moody’s: Aa1
|
| S&P: AA-
|
| Fitch: AA-
|
| Announcement date: | Oct. 30
|
| Settlement date: | Nov. 6
|
| Original issue: | A$300 million issued on Oct. 6
|
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