OCBC prices S$750 million perpetual capital securities offering
Reuters2026/08/12 23:24- OCBC priced SGD 750 million 3.2% perpetual capital securities, first callable in 2031, under its USD 30 billion global medium-term note program.
- Proceeds earmarked for general corporate purposes.
- Issue slated for Aug. 19, 2026. SGX listing expected Aug. 20, 2026.
- Structure targets MAS Additional Tier 1 treatment. Distributions fixed to first reset, then reset to 5-year SORA-OIS plus 1.194%.
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