OCBC prices A$1b senior floating rate green notes

The bank will issue the notes through its Sydney Branch.

OCBC has priced its A$1b senior floating rate green notes due 2026 at the 3-month Bank Bill Swap reference rate plus 0.78% per annum.

The notes will be issued at a price of 100%. It will be payable quarterly in arrear.

OCBC plans to use the net proceeds from the issue to finance or refinance new or existing qualifying assets which meet the Eligibility Criteria for Green Bonds under the OCBC Sustainability Bond Framework.

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OCBC will issue the notes through its Sydney Branch. They are expected to be repo eligible by the Reserve Bank of India.

The notes are issued under the bank’s US$30b global medium term note program.

It is expected to be listed on the SGX-ST on 19 May.