OCBC 5.1% NCPS

OCBC 5.1% NCPS: OCBC will be redeeming the preference shares. The last trading day and last cum-dividend day for the preference shares will be on 9 Jul 2013. Preference shareholders will be entitled to redemption proceeds of $100 per preference share and final preferential dividend of $0.54 per preference share ($100 x 5.1% x 39/365), subject to final confirmation by CDP. The redemption amt will be paid on 29 Jul 2013 by the bank to CDP, which will in turn distribute the redemption amount to the preference shareholders.