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OCBC Prices $750 Million 4.630% Covered Bonds Due 2029

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Oversea-Chinese Banking Corp. or OCBC (SGX:O39) has priced its $750 million 4.630% covered bonds due 2029, under its $10 billion Global Covered Bond Program, according to a Friday filing to the Singapore stock exchange.

The covered bonds will bear interest at 4.630% per annum payable semi-annually in arrear, and net proceeds from the issuance will be used for general corporate purposes.

These bonds are expected to be issued on Sept. 11 and are likely to be listed on the Singapore stock exchange on Sept. 14.

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