OCBC to issue on Aug 12 A$500m floating-rate green notes due 2024
OCBC O39 has priced A$500 million (S$499 million) of senior floating-rate green notes due 2024 under its US$30 billion global medium-term note programme.
The notes will be issued by OCBC, acting through its Sydney branch, and are expected to be repo eligible by the Reserve Bank of Australia.
The notes will bear interest at the three-month Australian bank bill swap rate plus 26 basis points per annum, payable quarterly in arrear. They are expected to be rated Aa1 by Moody's Investors Service, AA- by S&P Global Ratings and AA- by Fitch Ratings.
The notes are expected to be issued on Aug 12, 2021, and listed on the Singapore Exchange on Aug 13. OCBC said net proceeds will go towards financing or refinancing new or existing qualifying assets which meet the eligibility criteria for green bonds under the OCBC Sustainability Bond Framework.
Australia and New Zealand Banking Group, Commonwealth Bank of Australia, National Australia Bank, OCBC and UBS's Singapore branch acted as joint lead managers for this issue.
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