UOB to issue €1b covered bonds due 2027

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No 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. read more