The latest update is out from OCBC ( (SG:O39) ).
OCBC has successfully priced EUR 500 million in fixed rate covered bonds due in 2028 under its US$10 billion Global Covered Bond Programme. The bonds, which will bear an interest rate of 2.481% per annum, are expected to be rated Aaa by Moody’s and AAA by Fitch, and will be guaranteed by Red Sail Pte. Ltd. The issuance is set for April 2025, with plans for listing on the Singapore Exchange, potentially strengthening OCBC’s financial positioning and providing liquidity for general corporate purposes.
More about OCBC
Oversea-Chinese Banking Corporation Limited (OCBC) is a financial services organization incorporated in Singapore. It operates primarily in the banking sector, offering a range of financial products and services to eligible counterparties and professional clients.
YTD Price Performance: 5.12%
Average Trading Volume: 11,966
Technical Sentiment Signal: Sell
Current Market Cap: $57.86B
Learn more about O39 stock on TipRanks’ Stock Analysis page.