Singapore's OCBC prices $500 million subordinated notes at 4.517%

Oversea-Chinese Banking

26/02/2026 24:30

Feb 26 (Reuters) - Oversea-Chinese Banking Corp (OCBC) OCBC.SI on Thursday priced $500 million of tier 2 fixed rate subordinated notes under its $30 billion global medium-term note programme at 4.517%.

The notes, which will mature on March 4, 2036, will be used for general corporate purposes, Singapore's second-largest bank said.

The lender expects the notes to be listed on the Singapore Exchange on March 5 this year.

On Wednesday, OCBC posted a 3% rise in its fourth-quarter profit driven by a jump in non-interest income.

 (Reporting by Nichiket Sunil in Bengaluru; Editing by Alan Barona)

 ((Nichiket.Sunil@thomsonreuters.com))