Chicago, May 15 – Oversea-Chinese Banking Corp. Ltd. priced A$550 million of senior floating-rate notes due 2022, according to a company notice.
The notes (expected: Aa1/AA-/AA-) will bear interest at the three-month Bank Bill swap rate plus 62 basis points.
Australia and New Zealand Banking Group Ltd., Commonwealth Bank of Australia, National Australia Bank, OCBC Bank and Westpac Banking Corp. acted as joint lead managers and bookrunners.
The notes will be issued through the bank’s Sydney branch under its $30 billion global medium-term note program.
Proceeds will be used for general corporate purposes.
The issuer is a financial group based in Singapore.
| Issuer: | Oversea-Chinese Banking Corp. Ltd.
|
| Issue: | Senior floating-rate notes
|
| Amount: | A$550 million
|
| Maturity: | 2022
|
| Bookrunners: | Australia and New Zealand Banking Group Ltd., Commonwealth Bank of Australia, National Australia Bank, OCBC Bank and Westpac Banking Corp.
|
| Coupon: | Three-month Bank Bill swap rate plus 62 bps
|
| Announcement date: | May 15
|
| Settlement date: | May 23
|
| Expected ratings: Moody’s: Aa1
|
| S&P: AA-
|
| Fitch: AA-
|
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