UOB prices landmark US$1.2 billion dual-tranche euro covered bond offering
They are offered under the bank’s US$15 billion Global Covered Bond Programme
UOB has priced a €1 billion dual-tranche euro-covered bond offering under its US$15 billion Global Covered Bond Programme. The offering, the first executed by an Asian issuer, generated strong investor demand, with peak order books exceeding €4.25 billion within four hours of launch and the final book closing at around €3.9 billion, representing an oversubscription of about four times.
The issuance features two maturities, with a €500 million tranche maturing in September 2028 and a €500 million tranche maturing in September 2031, both offering fixed annual coupons of 3.118% and 3.342%, respectively.
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- UOB prices landmark €1 billion dual-tranche covered bond offering businesstimes.com.sg
