OCBC Prices EUR 500 Million Covered Bonds Due 2029

SGX Filings05-12

Oversea-Chinese Banking Corporation Limited (O39) has priced EUR 500 million of 2.989% fixed-rate covered bonds maturing in 2029 under its US$10 billion Global Covered Bond Programme.

The net proceeds will be used for the bank’s general corporate purposes. The bonds are expected to be rated Aaa by Moody’s Investors Service and AAA by Fitch Ratings. Payments of interest and principal will be guaranteed by Red Sail Pte. Ltd., secured by a portfolio of assets acquired from OCBC.

Issuance is scheduled for May, 18 2026, with an application to list the bonds on the Singapore Exchange on May, 19 2026. Barclays Bank PLC (Singapore branch), Commerzbank AG, Crédit Agricole CIB (Singapore branch), DZ BANK AG, OCBC and UBS AG (London branch) acted as joint lead managers, while Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale served as co-managers.

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