My first Publication ocbc_ar17_fullreport_english | Page 104

PILLAR 3 DISCLOSURES
(OCBC Group – As at 31 December 2017)
4.3
MAIN FEATURES OF CAPITAL INSTRUMENTS
The following disclosures are made pursuant to the requirements of MAS Notice 637 Annex 11D. They are not a summary of the terms, do not purport
to be complete, and should be read in conjunction with, and are qualified in their entirety by, the relevant Terms and Conditions available on the Bank’s
Investor Relations website (http://www.ocbc.com/group/investors/Cap_and_Reg_Disclosures.html).
1 Issuer
2
3 Unique identifier (ISIN)
Governing law(s) of instrument
Regulatory treatment

Transitional Basel III rules

Post-transitional Basel III rules

Eligible at Solo/Group/Solo and Group

Instrument type
Amount recognised in regulatory capital
Par value of instrument
Accounting classification
Original date of issuance
Perpetual or dated

Original maturity date
Issuer call subject to prior supervisory approval
Optional call date, contingent call dates and
redemption amount
4
5
6
7
8
9
10
11
12
13
14
15
16
OCBC ORDINARY
SHARES
Oversea-Chinese Banking
Corporation Limited
SG1S04926220
Singapore
Common Equity Tier 1
Common Equity Tier 1
Solo and Group
Ordinary shares
S$14,136 million
NA
Shareholders’ equity
NA
Perpetual
No maturity
No
NA
SG6YJ3000003
Singapore
Additional Tier 1
Additional Tier 1
Solo and Group
Perpetual Capital Securities
S$499 million
S$500 million
Shareholders’ equity
25 Aug 2015
Perpetual
No maturity
Yes
On or after the First Reset Date of 25 Aug 2020 (at par)
Tax call (at par)
Regulatory call (at par)
Optional call dates - any date after the First Reset Date
17
18
Subsequent call dates, if applicable
Coupons/dividends

Fixed or floating dividend/coupon

Coupon rate and any related index NA
NA 19
20
21
22
23
24
25
26
27
28
29
30
31
Existence of a dividend stopper
Fully discretionary, partially discretionary or mandatory
Existence of step up or other incentive to redeem

Noncumulative or cumulative
Convertible or non-convertible

If convertible, conversion trigger(s)

If convertible, fully or partially

If convertible, conversion rate

If convertible, mandatory or optional conversion

If convertible, specify instrument type convertible into
If convertible, specify issuer of instrument it converts into
Write-down feature

If write-down, write-down trigger(s) NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
No
NA 32
33
34
If write-down, full or partial

If write-down, permanent or temporary
If temporary write-down, description of
write-up mechanism
Position in subordination hierarchy in liquidation
(specify instrument type immediately senior to
instrument in the insolvency creditor hierarchy of
the legal entity concerned) NA
NA
NA 36 Non-compliant transitioned features No Upon the occurrence of any winding-up proceeding
(other than pursuant to a Permitted Reorgnisation),
Capital Securities are expressly subordinated and subject in
right of payment to the prior payment in full of all claims of
(i) Senior Creditors and (ii) holders of Tier II Capital Securities, and
will rank senior to all Junior Obligations.
No
37 If yes, specify non-compliant features NA NA
35
102
OCBC ANNUAL REPORT 2017
NA
OCBC 3.8%
NON-CUMULATIVE, NON-CONVERTIBLE
PERPETUAL CAPITAL SECURITIES
Oversea-Chinese Banking Corporation Limited
Additional Tier 1 capital
instruments of OCBC Bank
Fixed to fixed
3.8% p.a. up to (but excluding) 25 August 2020; if not redeemed,
the distribution rate will be reset every 5 years thereafter
to a fixed rate equal to the then prevailing 5-year SGD SOR
plus 1.51% p.a.
Yes
Fully discretionary
No
Noncumulative
Nonconvertible
NA
NA
NA
NA
NA
NA
Yes
The earlier of:
i) the MAS notifying the Issuer in writing that it is of the
opinion that a Write-off is necessary, without which the
Issuer would become non-viable; and
ii) a decision by the MAS to make a public sector injection of
capital, or equivalent support, without which the Issuer
would have become non-viable, as determined by the MAS.
May be written down fully or partially
Permanent
NA