OCBC mandates rare senior deal

Singaporean bank to make rare foray into senior debt market with $500 million issue.
May 26, 2004

Citigroup and Deutsche Bank have been mandated to lead a debut senior FRN by Singapore's OCBC. While it is common to see Korean banks in the dollar debt markets, it is rare to see banks from virtually any other country in the region, unless they are seeking to bolster their capital with a subordinated debt issue.

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