Issue of S$200 million perpetual capital securities by Oversea-Chinese Banking Corporation Limited
A&G News 5 October 2020
Allen & Gledhill advised Oversea-Chinese Banking Corporation Limited (“OCBC”), as transaction counsel, on the issue of S$200 million 3.00% perpetual capital securities first callable in 2030 (“Capital Securities”) under its US$30 billion global medium term note programme.
The Capital Securities were issued as Additional Tier 1 capital of OCBC.
OCBC was appointed joint lead managers and bookrunners for the Capital Securities.
Advising OCBC was Allen & Gledhill Partner Glenn Foo.