My first Publication ocbc_ar17_fullreport_english | Page 105

4.3
1
MAIN FEATURES OF CAPITAL INSTRUMENTS (Continued)
Issuer
OCBC CLASS M 4.0%
NON-CUMULATIVE
NON-CONVERTIBLE
PREFERENCE SHARES OCC 5.1%
NON-CUMULATIVE
NON-CONVERTIBLE
GUARANTEED PREFERENCE SHARES
Oversea-Chinese Banking
Corporation Limited OCBC Capital Corporation (2008)
2 Unique identifier (ISIN) SG6V63983492 KYG668911053
3 Governing law(s) of instrument Singapore Cayman Islands
(In respect of the guaranteed preference shares)
Singapore
(In respect of the subordinated guarantee and
subordinated note)
Regulatory treatment
4 Transitional Basel III rules Additional Tier 1 Additional Tier 1
5 Post-transitional Basel III rules Ineligible Ineligible
6 Eligible at Solo/Group/Solo and Group Solo and Group Solo and Group
7 Instrument type Preference shares Guaranteed preference shares
8 Amount recognised in regulatory capital S$959 million S$1,438 million
9 Par value of instrument S$1,000 million S$1,500 million
10 Accounting classification Shareholders’ equity Non-controlling interest in consolidated subsidiary
11 Original date of issuance 17 Jul 2012 27 Aug 2008
12 Perpetual or dated Perpetual Perpetual
13 No maturity No maturity
Original maturity date
14 Issuer call subject to prior supervisory approval Yes Yes
15 Optional call date, contingent call dates and
redemption amount First call date:
17 Jan 2018 (at par) First call date:
20 Sep 2018 (at par)
Tax call (at par) Tax call (at par)
16

Subsequent call dates, if applicable
Regulatory call (at par) Regulatory call (at par)
17 Jul 2022, and 20 Jun and
20 Dec of each year thereafter 20 Mar, 20 Jun, 20 Sep and 20 Dec of each year after the first
call date
Coupons/dividends
17 Fixed or floating dividend/coupon Fixed Fixed to floating
18 Coupon rate and any related index 4.0% p.a. 5.1% p.a. up to 20 Sep 2018, and 3M SGD SOR plus
2.5% p.a. thereafter
19 Existence of a dividend stopper Yes Yes
20 Fully discretionary, partially discretionary or mandatory Fully discretionary Fully discretionary
21 Existence of step up or other incentive to redeem No Yes
22 Noncumulative or cumulative Noncumulative Noncumulative
23 Convertible or non-convertible Nonconvertible Nonconvertible
24 NA NA
If convertible, conversion trigger(s)
25 If convertible, fully or partially NA NA
26 If convertible, conversion rate NA NA
27 If convertible, mandatory or optional conversion NA NA
28 If convertible, specify instrument type convertible into NA NA
29 If convertible, specify issuer of instrument it
converts into NA NA
30 Write-down feature No No
31 NA NA
If write-down, write-down trigger(s)
32 If write-down, full or partial NA NA
33 If write-down, permanent or temporary NA NA
34 If temporary write-down, description of
write-up mechanism NA NA
35 Position in subordination hierarchy in liquidation (specify
instrument type immediately senior to instrument in the
insolvency creditor hierarchy of the legal entity concerned) Tier 2 capital instruments of
OCBC Bank Tier 2 capital instruments of OCBC Bank
36 Non-compliant transitioned features Yes Yes
37 If yes, specify non-compliant features Has no loss absorbency at the
point of non-viability Has no loss absorbency at the point of non-viability
Has a step-up
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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