SGX:O39Banks
How Investors Are Reacting To Oversea-Chinese Banking (SGX:O39) Strengthening Tier 2 Capital With $1 Billion Notes
Oversea-Chinese Banking Corporation Limited recently completed the issuance of US$1 billion in fixed rate subordinated notes under its US$30 billion Global Medium Term Note Programme, with the proceeds earmarked for general corporate purposes and to strengthen Tier 2 capital under MAS rules.
This move highlights OCBC's ongoing focus on capital management and regulatory compliance, potentially enhancing the bank’s financial flexibility to support future growth and resilience initiatives.
Now,...