Oversea-Chinese Banking Corporation Limited has priced A$550 million of senior floating rate notes due 2022 under its US$30 billion Global Medium Term Note Program. The Notes will be issued by OCBC Bank, acting through its Sydney Branch, and are expected to be Repo Eligible by the Reserve Bank of Australia. The net proceeds from the issue of the Notes will be used for the general corporate purposes of OCBC Bank. The Notes will bear interest at the 3-month Bank Bill Swap reference rate plus 0.62% per annum, payable quarterly in arrear...
Source: ShareInvestor Express