UOB issues three-year $923.9m bond

The company will apply for the bond to be listed on SGX.

UOB has successfully priced a $923.9m (RMB5b) three-year bond at 2.3%, marking the bank’s first panda bond since 2019 and the largest issued bond amongst foreign issuers.

The issuance marked the fifth Chinese interbank bond offering by UOB and reopened the Panda bond market for global financial institution issuers.

The offering garnered a subscription ratio of 1.73 times from both onshore and offshore investors. Onshore investors in China accounted for 64% whilst offshore investors accounted for 36%.

The bond was also well-received by both existing and new investors. This includes banks (80%), securities firms (12%) and wealth management companies (8%).

The company will apply for the bond to be listed on the Singapore Exchange (SGX) becoming the first financial institution to list a Panda bond on SGX.

($1=¥5.41)

Follow the link for more news on

UOB

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