OCBC prices £1 billion floating rate covered bonds due 2029
Businesstimes News·
- OCBC has priced £1 billion in floating rate covered bonds due 2029, bearing interest at the compounded daily Sonia rate plus 0.48 per cent per annum.
- The net proceeds from the issuance, expected on Aug 26, will be used for general corporate purposes with a listing on the Singapore Exchange on Aug 27.
- The bonds are expected to receive an Aaa rating from Moody’s Investors Services and an AAA rating from Fitch Ratings.