Stocks to watch: OCBC, Seatrium, CapitaLand Investment, Yoma

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 5):

OCBC : The lender has priced 500 million euros (S$732.8 million) of fixed-rate covered bonds due 2027 under its US$10 billion global covered bond programme. The net proceeds will be used for general corporate purposes, said OCBC on Wednesday. The shares closed on Tuesday down 1.1 per cent or S$0.16 to S$14.39.

Seatrium : The offshore and marine specialist was awarded a letter of intent by BP Exploration & Production for a deepwater new-build production unit. On Wednesday, the group said it is expected to carry out certain early engineering works, pending a finalised definitive contract for engineering, procurement, construction and commissioning work on BP’s Kaskida Floating Production Unit. Shares of Seatrium ended Tuesday 0.6 per cent or S$0.01 lower at S$1.78.