S&P rates Oversea-Chinese Banking notes AA-

S&P said it assigned an AA- long-term issue rating to an A$600 million issue of senior unsecured notes by Oversea-Chinese Banking Corp. Ltd., acting through its Sydney branch.

The notes are due in April 2021 and were issued under the bank's $30 billion global medium-term notes program.

The notes 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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