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Published on 2/22/2018 in the Prospect News Emerging Markets Daily.

Singapore’s OCBC guides €500 million five-year notes to yield mid-swaps plus 1 bp

By Rebecca Melvin

New York, Feb. 22 – Oversea-Chinese Banking Corp. Ltd. is guiding €500 million of five-year notes (expected ratings: Aaa//AAA) to yield mid-swaps plus 1 basis point. Final pricing is expected later Thursday, according to a market source.

The order book for the deal was €800 million for the deal that is guaranteed by Red Sale Pte. Ltd.

Barclays, BNP Paribas, Nord/LB, OCBC Bank and UniCredit are joint lead managers for the Regulation S deal.

The financial group is based in Singapore.


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