1355 views

UOB to issue $2.25b covered bonds

The bonds are part of the Global Covered Bond Programme.

The United Overseas Bank (UOB) announced its issuance of $2.25b (€1.5b) worth of covered bonds due for maturity on 17 March 2025.

The covered bonds will be issued as the eleventh series under the Global Covered Bond Programme, totalling $10.86b (US$8b).

UOB, together with BNP Paribas, HSBC Continental Europe, Société Générale, and UBS AG London Branch have been appointed as lead managers for the covered bonds. Landesbank Hessen-Thüringen Girozentrale has been appointed as co-manager for the covered bonds.

Applications can be made to the Singapore Exchange Securities Trading (SGX-ST) for the listing and quotation of the covered bonds. However, the SGX-ST does not guarantee the approval of the applications. The issue date of bonds will be on 17 March 2022.

1 = SG$1.50
US$1 = SG$1.36

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!