OCBC sells largest Basel III bond in Asia ex-Japan

The Singaporean bank raised a $1 billion 10.5-year Basel III-compliant bond to help fund its expansion and replenish old-style debt.

Denise Wee Chien Mi Wong

April 09, 2014

Oversea-Chinese Banking Corporation sold a $1 billion 10.5-year Basel III-compliant Tier 2 bond on Tuesday, illustrating the Singapore bank’s ongoing push to boost its capital in order to fund its growth and replenish maturing old-style subordinated debt.

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