Oversea-Chinese Banking Corporation

Singtel prices $1 bil subordinated perpetual securities at 3.3% - THE EDGE SINGAPORE

TELECOMMUNICATIONS

Singtel prices $1 bil subordinated perpetual securities at 3.3%

Singtel Group Treasury (SGT), a wholly-owned subsidiary of Singapore Telecommunications (Singtel), has priced $1 billion of subordinated perpetual securities on April 7.

M&A

Yanlord-led consortium to acquire stakes in UE, WBL Corp for up to $730 mil

SINGAPORE (July 13): A group led by Yanlord Land, together with Perennial Real Estate, is making an offer to acquire a 33.5% stake in United Engineers at $2.60 each.

Results

OCBC reports 14% increase in 1Q earnings to $973 mil

SINGAPORE (May 9): Oversea-Chinese Banking Corporation (OCBC) has posted a net profit after tax of $973 million for 1Q17, 14% above $856 million in 1Q16.

Broker's Calls

Singapore banks poised to weather continued headwinds in 2017

SINGAPORE (Jan 17): Moody's Investors Service says Singapore’s three largest banks are poised to weather further weakening in asset quality and continued downward pressure on profitability in 2017.

OCBC announces US$10 bil global covered bond programme; rated ‘AAA(EXP)’ by Fitch

SINGAPORE (Nov 24): Oversea-Chinese Banking Corporation (OCBC) has established its inaugural programme to issue US$10 billion ($14.3 billion) of global mortgage covered bonds.

Broker's Calls

Banks should do better with a rate hike but which would gain most?

SINGAPORE (Nov 8): Singapore banks could see better days after the US Federal Reserve announces its rate hike later this year, according to RHB Research which is maintaining its “neutral” rating on

Broker's Calls

This analyst isn’t buying the banks' results. Should you?

SINGAPORE (Nov 7): Maybank Kim Eng is maintaining its “negative” recommendation on Singapore banks, in anticipation of further asset quality deterioration, even as the local lenders have focused on

Broker's Calls

The NPL nightmare might finally be over for banks

SINGAPORE (Nov 3): UOB Kay Hian is maintaining its “overweight” recommendation on the Singapore banking sector after the three local lenders posted healthy results for 3QFY16, on the back of strong

Midday Market Report

Singapore shares remain in the red; regional bourses mixed

SINGAPORE (June 16): Singapore shares continue to register losses, while other bourses across Asia put in a mixed performance.

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