Key Developments: Oversea-Chinese Banking Corporation Ltd (OCBC.SI)

OCBC.SI on Stock Exchange of Singapore

9.87SGD
19 Sep 2014
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$0.08 (+0.82%)
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Latest Key Developments (Source: Significant Developments)

Oversea-Chinese Banking Corporation Ltd announces scrip dividend scheme for FY14 interim dividend
Monday, 4 Aug 2014 07:17pm EDT 

Oversea-Chinese Banking Corporation Ltd:Says interim one tier tax exempt dividend for the financial year ending Dec.13, 2014 of 18 singapore cents per ordinary shares.Dividend will be based on the shares held by members on Aug.27, 2014.  Full Article

Oversea-Chinese Banking Corporation Ltd announces chairman change
Friday, 18 Jul 2014 05:06am EDT 

Oversea-Chinese Banking Corporation Ltd:Says Dr Cheong Choong Kong will retire as Chairman of its Board on Aug. 31.He will be succeeded on Sept. 01 by Ooi Sang Kuang, the non-executive lead independent director of the board.  Full Article

Oversea-Chinese Banking Corporation Ltd announces dissolution of Pacificmas Capital Sdn. Bhd
Wednesday, 16 Jul 2014 05:09am EDT 

Oversea-Chinese Banking Corporation Ltd:Following the announcement made on July. 18, 2013, Oversea-Chinese Banking Corporation Limited (OCBC Bank) wishes to announce that PacificMas Capital Sdn. Bhd., subsidiary of OCBC Bank, has been dissolved on July 16.PacificMas Capital Sdn. Bhd. ceased to be subsidiary of OCBC Bank with effect from July 16.  Full Article

Oversea-Chinese Banking Corporation Ltd disposal of entire shareholding in an associate company
Tuesday, 1 Jul 2014 05:55am EDT 

Oversea-Chinese Banking Corporation Ltd:Says its wholly-owned subsidiary, Orient Holdings Pte Ltd (Orient) has on June 30 sold its entire 25.1 pct interest in an associate company - OWW Capital Partners Pte. Ltd. (OCPPL) to current management team of OCPPL.As part of sale transaction, Orient also divested its entire 9 pct interest in OWW Capital Partners Limited (OCPL), fund management company controlled by the same management team.Aggregate consideration of S$348,313 for both transactions was paid in full in cash on completion.Following completion of the sale, OCPPL will cease to be an associate company of OCBC Bank.  Full Article

Oversea-Chinese Banking Corporation Ltd prices $1 bln of tier 2 subordinated notes
Thursday, 12 Jun 2014 07:10pm EDT 

Oversea-Chinese Banking Corporation Ltd:Says it has priced $1 bln of fixed rate subordinated notes under its $10 bln global medium term note program.Net proceeds will be used for the general corporate purposes of OCBC Bank.Notes are priced at 99.108 pct, and will bear a coupon of 4.25 pct per annum from the issue date to the maturity date on June 19.The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan (S.E.A.) Limited, Merrill Lynch (Singapore) Pte. Ltd. and OCBC Bank acted as Joint Lead Managers and Joint Bookrunners for this issue.  Full Article

Oversea-Chinese Banking Corporation declares final one-tier tax exempt dividend
Wednesday, 14 May 2014 05:21am EDT 

Oversea-Chinese Banking Corporation Ltd:Declares final one-tier tax exempt dividend for financial year ended Dec. 31, 2013 of S$0.17 per ordinary share.Payable on June 20.  Full Article

Oversea-Chinese Banking Corporation Ltd dissolves subsidiary
Friday, 2 May 2014 05:18am EDT 

Oversea-Chinese Banking Corporation Ltd:Says that Tat Lee Warehousing Pte Ltd, subsidiary of OCBC Bank, has been dissolved on April 28.  Full Article

Oversea-Chinese Banking Corporation Ltd announces establishment of a new OCBC Group company
Monday, 28 Apr 2014 05:37am EDT 

Oversea-Chinese Banking Corporation Ltd:Says its wholly-owned subsidiary, KIM Limited (KIM) has established an asset management company, Horizon Asset Management Sdn Bhd whose purpose is to trade in properties in Malaysia.KIM holds a 49 pct shareholding interest in Horizon Asset Management whilst the remaining 51 pct is held by Sharosu Assets Sdn Bhd, a company incorporated in Malaysia.  Full Article

Oversea-Chinese Banking Corporation prices its first basel III capital instrument
Tuesday, 8 Apr 2014 07:21pm EDT 

Oversea-Chinese Banking Corporation Ltd:Prices $1 bln of fixed rate subordinated notes under its $10 bln Global Medium Term Note Program.The notes represent OCBC Bank’s first Basel III capital instrument and are expected to qualify as Tier 2 capital of the Bank under the Monetary Authority of Singapore (MAS) Basel III framework.The net proceeds from the issue of the Notes will be used for general corporate purposes of OCBC Ban.Says notes are priced at 99.40 pct, and will bear a coupon of 4.00 pct per annum from the issue date to the call date on Oct. 15, 2019.Interest rate from the call date to the maturity date on Oct. 15, 2024 will be reset to a fixed rate per annum equal to the aggregate of the then-prevailing 5-year U.S. dollar mid swap rate and 2.203 pct.  Full Article

Oversea-Chinese Banking Corporation Ltd prices A$400 mln of senior floating rate notes
Friday, 14 Mar 2014 05:32am EDT 

Oversea-Chinese Banking Corporation Ltd:Priced A$400 mln of three-year senior floating rate notes under its $10 bln Global Medium Term Note Program.Notes will be issued by OCBC Bank, acting through its Sydney Branch, and are expected to be Repo Eligible by the Reserve Bank of Australia.Net proceeds from the issue of the notes will be used for the general corporate purposes of OCBC Bank.Notes will bear interest at the three-month Bank Bill Swap reference rate plus 0.65% per annum, payable quarterly in arrear.OCBC Bank, Commonwealth Bank of Australia, National Australia Bank, and Westpac Banking Corporation acted as Joint Lead Managers and Bookrunners for this issue.Notes are expected to be listed on the SGX-ST on March 25.  Full Article

Fitch Affirms DBS, DBSH, OCBC and UOB at 'AA-'; Outlook Stable

(The following statement was released by the rating agency) SINGAPORE, August 27 (Fitch) Fitch Ratings has affirmed the ratings of three Singapore banks, DBS Bank Ltd. (DBS), Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank Limited (UOB), and the bank holding company of DBS, DBS Group Holdings (DBSH). The Long-Term Issuer Default Ratings (IDRs) for the four entities have been affirmed at 'AA-' with Stable Outlook, and the Viability Ratings (VRs) have been affirmed at 'aa-'. The

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