OCBC bagged Keppel Capital and our Deal of the Year 2001

OCBC's successful, unsolicited $2.9 billion bid for Keppel Capital was praised for its clever financing structure and speedy execution, and viewed as a harbinger of further consolidation among Singapore's banks.

FinanceAsia was in no doubt about the winner of our Deal of the Year award in 2001. And indeed, OCBC's $2.9 billion acquisition of Keppel Capital in July of that year gave us plenty of reasons to get excited.

First, there was the triple-currency bond financing of the deal second, the clever and intricate manoeuvring to complete the transaction, planned with the thoroughness of a military invasion according to the write-up announcing the award and third, there was...

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