UOB prices $796.76m bonds at 0.25%

They are expected to be issued by 11 September.

UOB issued its $796.76m (€500m) covered bonds due 2023 at 0.25%. They will be the sixth series under the US$8b global covered bond programme of the bank.

The bank will be joined by HSBC France, Norddeutsche Landesbank – Girozentrale, Société Générale, and UBS Limited as lead managers for the covered bonds.

According to an announcement, said bonds will be guaranteed as to payments of interest and principal by Singapore finance firm Glacier Eighty (CBG).

“The guarantee is secured by a portfolio of loans purchased by the CBG from the Company and other assets of the CBG Ratings,” UOB explained.

Eyed for issuance on 11 September, the covered bonds are expected to be rated Aaa by Moody’s Investors Service and AAA by Standard & Poor's Rating Services.

They will also file an application to the Singapore Exchange Securities Trading(the (SGX-ST) for the listing and quotation of the bonds.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia