S&P rates Oversea-Chinese Banking notes AA-

S&P said it assigned its AA- long-term issue rating to the $340 million issue of senior unsecured notes by Oversea-Chinese Banking Corp. Ltd. (AA-/stable/A-1+).

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

Notes issued under the program will at all times rank equally among themselves and with all other unsecured and unsubordinated obligations of the bank, the agency said.

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