United Overseas Bank to Issue AU$100 Million Floating Rate Notes

MT Newswires

Oct 04, 2024

United Overseas Bank (SGX:U11) will issue AU$100 million in floating rate senior unsecured notes due in 2025 through its Sydney branch, according to a Thursday filing on the Singapore Exchange.

Notes of the regional bank will consolidate with AU$750 million in existing notes issued on Oct. 27, 2020, under its $30 billion global medium term note program.

The notes will bear a coupon of three-month BBSW plus 0.59% per annum, with a maturity date of Oct. 27, 2025. They are expected to be rated Aa1 by Moody's and AA- by both Standard & Poor's and Fitch Ratings.

The issue date is set for Oct. 11, with plans to list on the Singapore Exchange.

Price (SGD): S$31.66, Change: S$-0.050, Percent Change: -0.16%

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They are expected to be rated Aa1 by Moody's and AA- by both Standard &amp; Poor's and Fitch Ratings.</p><p>The issue date is set for Oct. 11, with plans to list on the Singapore Exchange.</p><p>Price (SGD): S$31.66, Change: S$-0.050, Percent Change: -0.16%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0588545904.SGD","symbol_name":"Eastspring Investments - Asian Equity Income ASDM SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472603990","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472603990","pubTimestamp":1728008804,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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