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Published on 3/21/2017 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Hong Kong’s OCBC Wing Hang Bank calls $400 million 6% perpetual notes

By Marisa Wong

Morgantown, W.Va., March 21 – OCBC Wing Hang Bank Ltd. issued a notice of redemption for its $400 million 6% step-up perpetual subordinated notes on Tuesday.

The issuer plans to redeem all of the outstanding notes on April 30 at par plus accrued interest to the redemption date.

Bank of New York Mellon is the agent.

The bank is based in Hong Kong.


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