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OCBC prices $500 mil worth of perpetual capital securities with 3.90% coupon

Felicia Tan
Felicia Tan6/2/2022 09:10 AM GMT+08  • 2 min read
OCBC prices $500 mil worth of perpetual capital securities with 3.90% coupon
The capital securities may be redeemed on June 8, 2027 (its first reset date). Photo: Bloomberg
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Oversea-Chinese Banking Corporation (OCBC) has priced $500 million worth of perpetual capital securities under its US $30 billion global medium term note programme.

The capital securities will be first callable in 2027.

Holders of the SGD-denominated capital securities will receive distributions semi-annually in arrear at a fixed rate of 3.90%.

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