$OCBC Bank (O39.SG)$ OCBC prices $550 mil worth of perpetual...
OCBC prices $550 mil worth of perpetual capital securities with 4.50% coupon.
The capital securities to be issued on Aug 15
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Wonderful Day Mooooo : Is it issueing new shares?
Stock WatchOP Wonderful Day Mooooo: No.. is " borrowing " money from public.
Azzvia Stock WatchOP: how to apply?
Stock WatchOP Azzvia: I don't think open for retail traders, need to check,. Cos usually they set a minimum amount eg, 100k-200k to apply
Azzvia Stock WatchOP:
-COYG- : Why ocbc bo jio
Stock WatchOP -COYG-: he lor... 4.5%
-COYG- : Read up more and got humji
Perpetual securities have no maturity date. This means the issuer has the right to never return the principal amount to you.
Stock WatchOP -COYG-: but OK la, Is SG OCBC
-COYG- : Compare to uob, fraser, ocbc rates is much lower