UOB Sydney branch issues A$2b senior unsecured notes

The notes maturity date is on 28 February 2028.

United Overseas Bank Limited announced that its Sydney branch will issue A$2b ($1.70b) Floating Rate Senior Unsecured Notes due 2028

The notes will be issued under the US$30b Global Medium Term Note Programme . Australia and New Zealand Banking Group Limited, Bank of China Limited, Singapore Branch, Commonwealth Bank of Australia, UBS AG, Australia Branch, United Overseas Bank Limited and Westpac Banking Corporation have been appointed as the joint lead managers and bookrunners for the notes.

It will have a three-month BBSW Rate + 0.65% per annum payable quarterly in arrears. Application will be made to the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of the notes on the SGX-ST.

The issue date of the Notes is expected to be 28 February 2025. The notes maturity date is on 28 February 2028.

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