OCBC sells second $1bn Tier 2 bond

The Singaporean bank sold another Basel III-compliant note in an effort to shore up more capital to replenish maturing old-style subordinated debt.

Chien Mi Wong

June 13, 2014

Oversea-Chinese Banking Corp priced a $1 billion 10-year Basel III Tier 2 subordinated note late on Thursday, illustrating the Singapore bank’s ongoing push to boost capital in order to replace maturing old-style subordinated debt.

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Debt
Southeast Asia

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#bonds
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