Issue of S$1 billion perpetual capital securities by Oversea-Chinese Banking Corporation Limited
Allen & Gledhill advised Oversea-Chinese Banking Corporation Limited (“OCBC”) on the issue of its S$1 billion 4.00 per cent. perpetual capital securities first callable in 2023 (the “Capital Securities”) under its US$30 billion global medium term note program.
The Capital Securities were issued as Additional Tier 1 capital of OCBC.
OCBC was appointed joint lead managers for the Capital Securities.
Advising OCBC as to Singapore law was Allen & Gledhill Partner Glenn Foo.