$OVERSEA-CHINESE BANKING CORP(O39.SI)$
OCBC has priced S$500 million in 3.9 per cent perpetual capital securities, which will be first callable in 2027. Net proceeds from the issue, under its US$30 billion global medium-term note programme, will be used for the general corporate purposes of the bank, it said in a bourse filing on Thursday (Jun 2). OCBC expects the capital securities will qualify as Additional Tier 1 capital for the bank, under the requirements of the Monetary Authority of Singapore.
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