OCBC issues A$500m senior floating rate notes due 2021

It will be rolled out by 6 September.

OCBC Bank priced A$500m of senior floating rate notes due 2021 under its US$30b Global Medium Term Note Program, an announcement revealed. Its net proceeds will be utilised for the general corporate purposes of the bank.

The bank will issue said notes acting through its Sydney Branch. Said notes are expected to be Repo Eligible by the Reserve Bank of Australia.

According to an announcement, the notes which are expected to be issued on 6 September will bear interest at the 3-month Bank Bill Swap reference rate plus 0.72% per annum, payable quarterly in arrear.

Joint lead managers and bookrunners for the notes include Australia and New Zealand Banking Group, Commonwealth Bank of Australia, OCBC Bank, and Westpac Banking Corporation.

OCBC has applied for the listing of the notes on the Singapore Exchange Securities Trading Limited (SGX-ST). With this, they are expected to be listed by 7 September.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia