OCBC Prices US$500 Million Tier 2 Subordinated Notes for Capital Management

OCBC ( (SG:O39) ) just unveiled an update.

Oversea-Chinese Banking Corporation Limited has priced US$500 million in fixed rate Tier 2 subordinated notes under its US$30 billion Global Medium Term Note Programme, with net proceeds earmarked for general corporate purposes and expected qualification as Tier 2 capital under Monetary Authority of Singapore rules. The notes, carrying a 4.517% coupon until the 4 March 2031 call date and a reset mechanism thereafter, are structured as Basel III capital instruments with potential write-off or regulatory conversion features, are expected to receive investment-grade ratings from Moody’s, S&P and Fitch, and are slated for issuance in early March 2026 with a planned listing on the Singapore Exchange, underscoring OCBC’s ongoing capital management and access to international debt markets.

The most recent analyst rating on (SG:O39) stock is a Buy with a S$23.00 price target. To see the full list of analyst forecasts on OCBC stock, see the SG:O39 Stock Forecast page.

More about OCBC

Oversea-Chinese Banking Corporation Limited is a Singapore-incorporated bank that operates in the financial services industry. Through its banking franchise and capital markets activities, OCBC offers a range of corporate and investment banking products, including debt issuance under its Global Medium Term Note Programme, with a focus on regional and international investors.

Average Trading Volume: 4,534,175

Technical Sentiment Signal: Buy

Current Market Cap: S$96.31B

For a thorough assessment of O39 stock, go to TipRanks’ Stock Analysis page.