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STOCKS | Staff Reporter, Singapore
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UOB Sydney branch to issue $350.8m floating rate notes

These notes will be issued under the US$15b Global Medium Term Note Programme.

The Sydney branch of United Overseas Bank (UOB) intends to issue $350.8m (A$500m) floating rate notes due July 2022, a bourse filing revealed.

These notes will be issued under the US$15b Global Medium Term Note Programme, where the HSBC-Sydney branch, National Australia Bank and Westpac Banking Corporation have been appointed as joint lead managers.

Its 3-month bank bill swap reference rate is 0.53% per annum, payable quarterly in arrears. The issue date of the notes is expected to be 25 July.

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