Oversea-Chinese Banking Corp. Ltd. (O39.SG) said Friday it has priced EUR500 million (US$589 million) worth of fixed-rate covered bonds due 2022 at 0.25% and will use the net proceeds for general corporate purposes.
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The Singapore-listed bank said the bonds are expected to be rated Aaa by Moody's Investors Service and AAA by Fitch Ratings. The above bond issue is under its US$10 billion Global Covered Bond Programme, the bank added.
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(END) Dow Jones Newswires
September 28, 2017 20:14 ET (00:14 GMT)