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OCBC sells its first Basel III-compliant bond

US$1b issue comes under its US$10b note programme

OCBC Bank yesterday issued its first Basel III-compliant bond - US$1 billion of 10-year fixed rate subordinated notes - under its US$10 billion global medium term note programme. The capital-boosting exercise comes amid its acquisition of Hong Kong's Wing Hang Bank for $6.23 billion announced on...

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