You are here

OCBC plans covered bonds

Monday, February 29, 2016 - 11:04

37472699 - 15_02_2016 - OCBC-RESULTS_.jpg
Oversea-Chinese Banking Corporation is planning a covered bond programme via Barclays and Credit Agricole, according to multiple sources familiar with the issue.

[HONG KONG] Oversea-Chinese Banking Corporation is planning a covered bond programme via Barclays and Credit Agricole, according to multiple sources familiar with the issue.

The Singaporean lender 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.

DBS was the first bank from the city to issue covered bonds via a US$1bn 3-year transaction in July. UOB, which wrapped up a European roadshow last week, is eyeing a euro 5-year covered bond.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom