OCBC ready to price second T2 to finance acquisition

By Virginia Furness
12 Jun 2014

OCBC has opened guidance on its second Basel III compliant tier two offering of the year as it looks to acquire Hong Kong's Wing Hang Bank.

Joint lead managers and bookrunners Bank of America Merrill Lynch, HSBC, JP Morgan and OCBC announced guidance at 190bp over Treasuries on June 12 for the 10 year bullet. Bankers indicated it would be a benchmark size transaction.

Bankers are looking at recent tier ...

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