Singapore OCBC Group Plans to Redevelop OCBC Headquarter & Adjacent OCBC Buildings at Chulia Street & Church Street, OCBC HQ was Completed in 1976
5th April 2024 | Hong Kong
Singapore OCBC Group is planning to redevelop OCBC headquarter (HQ) & adjacent OCBC buildings at Chulia Street & Church Street. OCBC HQ at 65 Chulia Street was completed in 1976. The 2 adjacent OCBC buildings are OCBC Centre South (18 Church Street, 7-storey completed in 1985), and OCBC Centre East (63 Chulia Street, 15-storey completed in 1996). OCBC Group is one of Singapore 3 largest banking group alongside DBS & UOB, and has a market capitalization of $45 billion (5/4/24: S$61 billion). In January 2024, OCBC Group issued a S$450 million AT1 (Additional Tier-1) Perpetual Capital Securities at 4.05% yield callable 2029 (Issue on 16/1/24), with the first call & coupon reset date in 5.75 years in 2029 (16/10/29) and benchmarked to the 5-year Singapore SORA (Singapore Overnight Rate Average Overnight Indexed Swap) & initial spread of +1.3165%.
“ Singapore OCBC Group Plans to Redevelop OCBC Headquarter & Adjacent OCBC Buildings at Chulia Street & Church Street, OCBC HQ was Completed in 1976 “
Singapore OCBC Group Issues S$450 Million AT1 Perpetual Capital Securities at 4.05% Yield Callable 2029 to be Issued on 16th January 2024, First Call & Coupon Reset Date 5.75 Years in 2029 Benchmark to 5-Year Singapore SORA & Initial Spread of 1.3165%
11th January 2024 – Singapore OCBC Group is issuing a S$450 million AT1 (Additional Tier-1) Perpetual Capital Securities at 4.05% yield callable 2029 (Issue on 16/1/24), with the first call & coupon reset date in 5.75 years in 2029 (16/10/29) and benchmarked to the 5-year Singapore SORA (Singapore Overnight Rate Average Overnight Indexed Swap) & initial spread of +1.3165%. OCBC Group is one of the 3 largest banking group in Singapore (DBS, OCBC, UOB), and has a market capitalization of $43 billion (11/1/24: S$58 billion).
Singapore OCBC Group Issues S$450 Million AT1 Perpetual Capital Securities at 4.05% Yield Callable 2029 to be Issued on 16th January 2024
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