Strong investor demand boosts size of preference-share issue.

Australasian Business Intelligence, January, 2003

Jan 17, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

Oversea-Chinese Banking Corporation has opted to sell preference shares to reinforce its capital base. The shares started trading on the Singapore Stock Exchange on 16 January 2003. An insider reported that strong investor demand caused the issue to be expanded to $S500 million ($US289 million), from $S300 million. The insider claimed the yield will be toward the top of the forecast range, at 4.5 per cent. Dividends will be paid twice-yearly.

Publication Date: 16 January 2003

OVERSEA-CHINESE BANKING CORPORATION 

LIMITED:

SINGAPORE STOCK EXCHANGE:

OCBC BANK:

MOODY'S INVESTORS SERVICE

INCORPORATED

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