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Singapore's OCBC Bank $500 million three-year notes talked at Libor + 12.5 bps
By Reshmi Basu
New York, June 7 - Oversea-Chinese Banking Corp. Ltd. set price guidance for its $500 million three-year senior unsecured floating-rate notes (Aa3/A/A+)in the area of 12.5 basis points over Libor, according to a market source.
Deutsche Bank Securities and Citigroup are the joint bookrunners for the Regulation S deal.
Pricing is expected at the end of the week.
Proceeds will be used for general corporate purposes.
Oversea-Chinese Banking is the third largest lending institution in Singapore.
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