By Reshmi Basu and Paul A. Harris
St. Louis, June 10 - Oversea-Chinese Banking Corp. Ltd. said it priced $500 million floating-rate notes (Aa3/A/A+) at Libor plus 10 basis points.
The bond priced below guidance of 12.5 basis points over Libor given earlier in the week.
Citigroup and Deutsche Bank Securities ran the books for the Regulation S offer.
Oversea-Chinese Banking is Singapore's third largest bank.
Issuer: Oversea-Chinese Banking Corp. Ltd.
Amount: $500 million
Issue: | Floating-rate notes
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Maturity: | 2007
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Bookrunners: | Citigroup, Deutsche Bank Securities
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Coupon: | Libor plus 10 basis points
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Ratings: | Moody's: Aa3
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| Standard & Poor's: A
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| Fitch: A+
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Price guidance: | 12.5 basis points
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Distribution: | Regulation S
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