UOB prices $860m unsecured notes due 2028

The issue date of the notes is on 8 August 2024.

United Overseas Bank Limited (UOB) Sydney Branch intends to price $860m (A$1b) rate senior unsecured notes due 2028, making it the largest conventional AUD single-tranche bond from a Singaporean issuer.

The notes were priced at the Bank Bill Swap Rate (BBSW) plus 0.74% and will be issued under the $39.8b (US$30b) Global Medium Term Note (GMTN) 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.

This is the second time UOB is tapping the AUD market this year.

In April, the bank issued $1.08b (A$1.25b) in dual-tranche three-year unsecured notes.

"Our commitment to this market remains; to provide our investors liquidity across the tenor curve, and so it was pleasing to see the strong appetite for these four-year bonds despite the volatile market backdrop,” said Koh Chin Chin, head of Group Treasury, Research and Customer Advocacy of UOB.

($1.00 = A$1.16 = US$0.75)

Follow the link for more news on

notes issuance

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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