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UOB prices first sustainability bond offering from Singapore, raising US$1.5 bil

Atiqah Mokhtar
Atiqah Mokhtar4/8/2021 8:41 AM GMT+08  • 2 min read
UOB prices first sustainability bond offering from Singapore, raising US$1.5 bil
The bond is the inaugural issuance under UOB’s Sustainable Bond Framework which launched in March.
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United Overseas Bank (UOB) has priced Singapore’s first sustainability bond offering from Singapore, raising US$1.5 billion ($2.01 billion) under its $15 billion Global Medium Term Note (GMTN) Programme.

The US dollar-denominated issuance is the first dual tranche senior (senior notes) and Tier 2 instrument (subordinated notes) in sustainability format globally from a bank issuer. It also represents the inaugural issuance under UOB’s Sustainable Bond Framework which launched in March.

The senior notes and the subordinated notes have been priced at a fixed coupon rate of 1.25% and 2% per annum respectively.

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