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United Overseas Bank raises A$300M in note issue

United Overseas Bank Ltd. raised A$300 million in an offering of floating-rate notes through its Sydney branch.

The bank's Sydney branch priced the notes at three-month bank bill swap reference rate plus 81 basis points, according to a March 28 release. The notes are expected to be issued April 6 under the bank's S$15 billion euro medium-term note program.

The notes are due April 6, 2021.

United Overseas Bank Ltd.'s Sydney branch, Westpac Banking Corp., National Australia Bank Ltd. and the Hongkong and Shanghai Banking Corp. Ltd.'s Sydney branch are acting as joint lead managers.

As of March 28, US$1 was equivalent to A$1.31 and S$1.39.