OCBC Prices 1.36 Billion in Covered Bonds
Oversea-Chinese Banking Corp has priced one billion pounds in covered bonds due 2029 to raise 1.36 billion dollars. The proceeds are earmarked for general corporate purposes with issuance expected later this month.
Insights:
Oversea-Chinese Banking Corp (OCBC) priced £1 billion ($1.36 billion) in covered bonds due 2029 on Thursday morning. The issuance follows a €500 million fixed-rate bond sale carried out in May under the same debt framework. The capital will fund general corporate operations as borrowing costs shift across major markets.
