trending Market Intelligence /marketintelligence/en/news-insights/trending/PC6oZDo7HuWOM1XgfpQjsg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

United Overseas Bank to issue US$650M of securities

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


United Overseas Bank to issue US$650M of securities

United Overseas Bank Ltd. intends to issue US$650 million of subordinated unsecured noncumulative capital securities on Oct. 19.

The perpetual securities will carry a fixed distribution rate of 3.875% per year and will qualify as Additional Tier 1 capital, the bank said.

The nonconvertible securities will be issued under the bank's S$15 billion euro medium-term note program.

As of Oct. 11, US$1 was equivalent to S$1.36.