OVERSEA-CHINESE BANKING CORPORATION LIMITED Oversea-Chinese Banking Corporation Limited has priced AUD1 billion of senior floating rate green notes due 2026 ("Notes") under its USD 30 billion Global Medium Term Note Program ("Program"). The Notes will be issued by OCBC Bank, acting through its Sydney Branch, and are expected to be Repo Eligible by the Reserve Bank of Australia. The net proceeds from the issue of the Notes will be used to finance or refinance new or existing qualifying assets which meet the Eligibility Criteria for Green Bonds under the OCBC Sustainability Bond Framework.
The Notes will be issued at an issue price of 100.00% and bear interest at the 3-month Bank Bill Swap reference rate plus 0.78% per annum, payable quarterly in arrear. The Notes are expected to be rated Aa1 by Moody's Investors Service Inc., AA- by S&P Global Ratings and AA- by Fitch Ratings Ltd, and are expected to be issued on 18 May 2023.
