SGX:U11Banks
Is United Overseas Bank’s (SGX:U11) Latest A$2 Billion Raise Redefining Its Funding Playbook?
United Overseas Bank Limited recently raised A$2.00 billion through its Sydney Branch via A$750.00 million floating rate and A$1.25 billion 5.023% fixed rate senior unsecured notes due 2031, alongside issuing S$850.00 million 3.00% perpetual Additional Tier 1 capital securities under its US$30.00 billion Global Medium Term Note Programme.
The strong investor take-up, competitive pricing versus Australian peers, and the use of loss-absorbing perpetual capital securities highlight UOB’s...