The bonds will be issued in the summer.
Another Singaporean bank is looking to issue coverred bonds. Oversea-Chinese Banking Corporation, the second-largest lender in Singapore, is planning a covered bond programme via Barclays and Credit Agricole, according to a report by Reuters.
Citing multiple sources familiar with the issue, the report said that OCBC will be appointing bookrunners for a debut 144A/Reg S bond that will be issued from the programme. The new bonds will target a US$1bn size and is expected to be issued in the summer, said the sources.
Read the full report here.
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