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United Overseas Bank to raise £250M in notes issue

United Overseas Bank Ltd. said Dec. 5 that it plans to raise £250 million by issuing floating-rate notes.

The notes will be issued under the bank's US$15 billion global medium-term note program.

The one-year notes, which will be issued Dec. 12, will carry one-month London interbank offered rate plus 0.30% interest.