The second largest Singaporean bank by market cap has entered a strategic partnership with the private market exchange to broaden its investor base with a FCN sold at US$1m.
Traded on 28 April, the three-month tokenised fixed coupon note (FCN) is linked to the shares of a US-listed tech giant with a minimum size of US$50,000. The note is available to ADDX clients classified as accredited investors by the Monetary Authority of Singapore (MAS). It is important that we continue to innovate and find new channels for our products - Kenneth Lai, OCBC Bank The structured note is governed by Singaporean laws and is the first product issued by a local bank on the shelf o
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