(November 25 11:10) Sbr.com.sg
Uploaded By:
Janine Ballesteros
Submitted By:
Janine Ballesteros
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This is the first euro-covered bond in Singapore in two years.
United Overseas Bank (UOB) will issue $1.6b (€1b) 0.01% covered bonds due 2027 under its US$8b global covered bond programme. Expected issue date is on 1 December.
The bonds will have an issue price of 101.553% of the principal amount of covered bonds, and a coupon of 0.01% per annum payable annually in arrear, UOB said in an announcement.
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