My first Publication ocbc_ar17_fullreport_english | Page 107

4.3
MAIN FEATURES OF CAPITAL INSTRUMENTS (Continued)
OCBC 4.00%
SUBORDINATED NOTES
DUE 2024 CALLABLE IN 2019 OCBC 3.15%
SUBORDINATED NOTES
DUE 2023 CALLABLE IN 2018
Oversea-Chinese Banking Corporation
Limited
US69033DAA54 (Reg S)
US69033CAA71 (144A)
England
(Save for the subordination provisions)
Singapore
(In respect of the subordination provisions)
1 Issuer Oversea-Chinese Banking Corporation Limited
2 Unique identifier (ISIN) 3 Governing law(s) of instrument US69033DAB38 (Reg S)
US69033CAB54 (144A)
England
(Save for the subordination provisions)
Singapore
(In respect of the subordination provisions)
4
5
6
7
8
9
10
11
12
13
14
15 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
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18
19
20
21
22
23
24
25
26
27
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31
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33
34

Subsequent call dates, if applicable
Coupons/dividends

Fixed or floating dividend/coupon

Coupon rate and any related index

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)
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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)
Non-compliant transitioned features
37 If yes, specify non-compliant features
35
Tier 2
Tier 2
Solo and Group
Subordinated debt
S$1,330 million
US$1,000 million
Liabilities - amortised cost
15 Apr 2014
Dated
15 Oct 2024
Yes
First call date:
15 Oct 2019 (at par)
Tax call (at par)
Regulatory call (at par)
NA Tier 2
Ineligible
Solo and Group
Subordinated debt
S$1,337 million
US$1,000 million
Liabilities - amortised cost
11 Sep 2012
Dated
11 Mar 2023
Yes
First call date:
11 Mar 2018 (at par)
Tax call (at par)
Fixed to fixed
4.00% p.a. up to 15 Oct 2019, and reset to
5-yr US Dollar Swap Rate plus 2.203% p.a.
thereafter
NA
Mandatory
No
NA
Nonconvertible
NA
NA
NA
NA
NA
NA Fixed to fixed
3.15% p.a. up to 11 Mar 2018, and reset to
5-yr US Dollar Swap Rate plus 2.279% p.a.
thereafter
NA
Mandatory
No
NA
Nonconvertible
NA
NA
NA
NA
NA
NA
Yes
Contractual approach
The earlier of (i) MAS determining that a write-
down is necessary; and (ii) a decision by MAS
to make a public sector injection of capital, or
equivalent support, without which the issuer
would become non- viable in both (i) and (ii)
May be written down fully or partially
Permanent
NA No
NA
NA
NA
NA
Unsubordinated and unsecured obligations
of OCBC Bank Unsubordinated and unsecured obligations
of OCBC Bank
No Yes
NA Has no loss absorbency at the point of
non-viability
NA
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
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