OCBC Sydney prints A$150 million increase to May 2022 FRN

Thursday, 09 January 2020

Issuer: Oversea-Chinese Banking Corporation Sydney Branch
Issuer rating: AA-/Aa1/AA-
Issue rating: as issuer
Pricing date: 8 January 2020
Settlement date: 15 January 2020
Maturity date: 23 May 2022
Lead manager: Westpac Institutional Bank

Volume: A$150 million (US$103 million)
Total outstanding in the line: A$700 million
Coupon type: FRN
Coupon rate: 3m BBSW +62bp
Issue/re-offer price: 100.105% (plus 0.21% accrued)
Margin to swap: 57.5bp/3m BBSW