By Devika Patel
Knoxville, Tenn., Nov. 26 – Singapore’s Oversea-Chinese Banking Corp. Ltd. priced A$500 million of senior floating-rate green 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 63 basis points.
Australia and New Zealand Banking Group Ltd., BNP Paribas, Commonwealth Bank of Australia, OCBC Bank and Westpac Banking Corp. were the bookrunners.
Proceeds will be used to finance or refinance new or existing qualifying assets and projects as described under the eligibility criteria in the OCBC sustainability bond framework.
The issuer is a financial group based in Singapore.
| Issuer: | Oversea-Chinese Banking Corp. Ltd.
|
| Issue: | Senior floating rate green notes
|
| Amount: | A$500 million
|
| Maturity: | 2022
|
| Bookrunners: | Australia and New Zealand Banking Group Ltd., BNP Paribas, Commonwealth Bank of Australia, OCBC Bank and Westpac Banking Corp.
|
| Coupon: | Three-month Bank Bill swap rate plus 63 bps
|
| Announcement date: | Nov. 26
|
| Settlement date: | Dec. 5
|
| Expected ratings: | Moody’s: Aa1
|
| S&P: AA-
|
| Fitch: AA-
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
