OCBC Prices US$500 Million Tier 2 Subordinated Notes

Reuters02-26 07:29
OCBC Prices US$500 Million Tier 2 Subordinated Notes

OCBC said it has priced a US$500 million issuance of fixed-rate Tier 2 subordinated notes under its US$30 billion global medium-term note programme. The notes are priced at 100% and carry a 4.517% annual coupon until the 4 March 2031 call date, with the rate resetting to the 5-year U.S. Treasury rate plus 0.90% if not redeemed, and are expected to be issued on 4 March 2026.

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