UOB prices provide for A$900m floating rate notes at 0.72% pa


Staff reporter

, Australia

Its maturity date will be five years from the date of issue.

United Overseas Bank (UOB) has announced that its Sydney branch will issue A$900 million floating rate senior unsecured notes due 2027 at a price of 0.72% per annum.

The scheduled notes will use the benchmark three-month bank note swap rate and will be paid quarterly in arrears. Its maturity date will be five years from the date of issue.

The Notes will be issued under UOB’s US$15 billion Global Medium Term Note Program (GMTN Programme).

Australia and New Zealand Banking Group, Commonwealth Bank of Australia and United Overseas Bank Limited have been appointed co-managers and bookrunners for the Notes.

UOB expects the Notes to be rated Aa1 by Moody’s Investors Service, AA- by Standard & Poor’s Rating Services and AA- by Fitch Ratings.

Join the Singapore Business Review community

Since you are here…

…there are many ways to work with us to build awareness of your business and connect with your customers. Our team can help you create an advertising campaign, in print and digital, on this website and in a print magazine.

We can also organize a real or digital event for you and find keynote speakers as well as industry leaders, who could be your potential partners, to participate in the event. We also run rewards programs which give you the opportunity to be recognized for your achievements throughout the year and you can join this as a participant or sponsor.

Let us help you move your business forward with a good partnership!


Comments are closed.