ocbc bank

The rights issue will help fund the Singaporean bank's $4.99 billion acquisition of Wing Hang Bank, one of Hong Kong's last remaining family-run lenders.

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

The Singaporean bank raised a $1 billion 10.5-year Basel III-compliant bond to help fund its expansion and replenish old-style debt.

Singapore’s OCBC made a HK$125 cash offer per share for Wing Hang Bank, one of the few family-run holdouts in Hong Kong, where most of its peers have already been gobbled up by mainland Chinese and foreign lenders.

Asia's bond markets lurch towards an historical high of $100 billion, with SP Power Assets, OCBC Bank and KDB adding to the latest tally.

Soon Tit Koon retires as chief financial officer of the bank and is replaced by Darren Tan.

Samuel Tsien moves across from China Construction Bank after a 30-year career at the institution.

Solid demand allows for mid-range pricing and shows investors haven't given up on Singapore REITs despite rising interest rates.