By Marisa Wong
Los Angeles, Aug. 5 – Oversea-Chinese Banking Corp. (OCBC Bank) priced through its Sydney branch A$500 million of senior floating-rate green notes due 2024 (expected: Aa1/AA-/AA-) at par, according to a notice.
The notes will bear interest at the Bank Bill swap reference rate plus 26 basis points.
The notes will be issued on Aug. 12 under the bank’s $30 million global medium-term note program.
Australia and New Zealand Banking Group Ltd., Commonwealth Bank of Australia, National Australia Bank Ltd., OCBC Bank and UBS AG, Singapore Branch are joint lead managers for the issue.
Proceeds will be used to finance or refinance new or existing qualifying assets that meet eligibility criteria for green bonds under OCBC’s sustainability bond framework.
OCBC Bank is a financial group based in Singapore.
| Issuer: | Oversea-Chinese Banking Corp. Ltd.
|
| Issue: | Senior floating-rate green notes
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| Amount: | A$500 million
|
| Maturity: | 2024
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| Lead managers: | Australia and New Zealand Banking Group Ltd., Commonwealth Bank of Australia, National Australia Bank Ltd., OCBC Bank and UBS AG, Singapore Branch
|
| Coupon: | Bank Bill swap rate plus 26 bps
|
| Price: | Par
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| Announcement date: | Aug. 5
|
| Settlement date: | Aug. 12
|
| Expected ratings: | Moody’s: Aa1
|
| S&P: AA-
|
| Fitch: AA-
|
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