Issue of S$500 million perpetual capital securities by Oversea-Chinese Banking Corporation Limited
Allen & Gledhill advised Oversea-Chinese Banking Corporation Limited (“OCBC”) on the issue of S$500 million 3.90% perpetual capital securities first callable in 2027 (“Capital Securities”) under its US$30 billion global medium term note programme.
Credit Suisse, OCBC and Standard Chartered were appointed joint lead managers and bookrunners for the Capital Securities.
Advising OCBC was Allen & Gledhill Partner Glenn Foo.