The Singaporean bank sold the 10-year bonds in order to raise money for general corporate purposes and to comply with new reserve requirements.
April 24, 2014 at 12:30 AM
1 minute read
The original version of this story was published on Global Lawyer News
Linklaters and Allen & Gledhill have advised the Singapore-based Oversea-Chinese Banking Corp. Ltd. on a $1 billion note issue.
The bank sold the 10-year bonds in order to raise money for general corporate purposes. The notes also serve as reserve capital under new Basel III–compliant rules set by the Monetary Authority of Singapore.
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