United Overseas Bank (UOB) says it intends to issue €1 billion ($1.59 billion) covered bonds as the eighth series under its US$8 billion ($10.74 billion) Global Covered Bond Programme.

The bonds, which are Euro-denominated, will carry a coupon of 0.01% per annum. They will be issued at 101.53% on Dec 1 and mature on Dec 1, 2027.


See also: UOB's current valuations still 'inexpensive', says DBS Group Research


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook