OCBCSP 4.000% Perpetual Pref (SGD)

Bond Factsheet

Matured/ Called

Oversea-Chinese Banking Corporation Limited

Indicative

Full Lot

Bid Price

100.300

Change in Bid Price

Bid Yield (%)

-105.200 %

Change in Bid Yield

Ask Price

100.400

Change in Ask Price

Ask Yield (%)

-141.450 %

Change in Ask Yield

Indicative price as of 18 Jan 2018, 12:00am

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Bond Information

Oversea-Chinese Banking Corporation Limited offers a comprehensive range of financial services. The Company's services include deposit-taking, corporate, enterprise and personal lending, international trade financing, investment banking, private banking, treasury, stockbroking, insurance, credit cards, cash management, asset management and other financial and related services.

Bond Issuer

Oversea-Chinese Banking Corporation Limited

Guarantor

Announcement Date

05 Jul 2012

Issue Date

17 Jul 2012

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / -

Modified Duration

0.003 @ 18 Jan 2018

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.000

Coupon Type

Fixed

Annual Coupon Rate

4.000

Coupon Frequency

Semi Annually

Seniority

Preference Share

Capital Structure

Preference Share

Reference Rate

ISIN

SG6V63983492

CUSIP

EJ2728446

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

1,000,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ AA-

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Deferral Interest Payment

Dividend Stopper

In the event any Dividend is not paid in full for any reason on any Dividend Date, the Company shall not:
(i) declare or pay any dividends or other distributions in respect of, or (if permitted) repurchase or redeem, its ordinary shares or any other security of the Company ranking pari passu or junior to the Class M Preference Shares (or contribute any moneys to a sinking fund for the payment of any dividends or other distributions in respect of, or for the redemption of, any such shares or securities); or
(ii) declare or pay, or permit any subsidiary of the Company (other than a subsidiary of the Company that carries on banking business) to declare or pay, any dividends or other distributions in respect of any Parity Obligations, or (if permitted) repurchase or redeem any Parity Obligations (or contribute any moneys to a sinking fund for the payment of any dividends or other distributions in respect of, or for the redemption of, any Parity Obligations),

in each case until it has paid Dividends in full in respect of such number of consecutive Dividend Periods as shall be equal to or exceed 12 calendar months (or an amount equivalent to the Dividends to be paid in respect of such number of consecutive Dividend Periods as shall be equal to or exceed 12 calendar months has been paid or irrevocably set aside in a separately designated trust account for payment to the Class M Preference Shareholders).

Issuer Call

Optional Redemption: The Company may, at its option, redeem in whole, but not in part, the Class M Preference Shares for the time being issued and outstanding:

(i) on the date falling five and a half years after the Issue Date (17 Jan 2018);
(ii) on the date falling 10 years after the Issue Date (17 July 2022); and
(iii) on each Dividend Date thereafter (that is, after the date falling 10 years after the Issue Date), in each case subject to the satisfaction of the Redemption Conditions (as defined below) and to Singapore law. (20 Dec 2022 and every 6 months thereafter)

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