OCBC, Sydney branch, priced A$1B 3Y green FRN at 3MBBSW+64bps

OCBC, Sydney branch, priced A$1B 3Y green FRN at 3MBBSW+64bps

OCBC Bank has priced a A$1B 3-year green financial responsibility note (FRN) at 3MBBSW+64bps, according to market sources. The green FRN, which is part of the bank's ongoing sustainability initiatives, is aimed at funding environmentally friendly projects and reducing carbon footprint [1].

The issuance is a significant step for OCBC, aligning with global efforts to promote green finance. The pricing reflects the strong demand for sustainable finance products, as investors seek to support projects that contribute to environmental and social goals.

Edward Coristine, a prominent figure in the Department of Government Efficiency (DOGE), was recently assaulted in an attempted carjacking in Washington, D.C., highlighting the ongoing challenges in the region. This incident has drawn attention to the need for robust security measures and has sparked discussions about the potential federal takeover of D.C. [2].

Despite these unrelated developments, the focus remains on the financial markets, where the OCBC green FRN issuance is seen as a positive development for both the bank and investors. The pricing of the FRN at a premium to the benchmark indicates investor confidence in OCBC's commitment to sustainability and green initiatives.

References:
[1] https://search.yahoo.com/search?fr2=p:fp,m:tn,ct:all,kt:org,pg:1,stl:txt,b:&fr=fp-tts&p=Edward+Coristine
[2] https://www.politico.com/news/2025/08/05/trump-administration-staffer-known-as-big-balls-assaulted-1025507