SGX:U11Banks
Is United Overseas Bank (SGX:U11) Undervalued As Its €1b Covered Bond Deal Draws Strong Demand?
United Overseas Bank (SGX:U11) has just completed a EUR 1b dual tranche covered bond issue in Europe, the first of its kind by an Asian issuer since 2023, drawing strong institutional demand.
At a share price of SGD41.56, United Overseas Bank has seen a 1-day share price return of 1.91% and a 7-day share price return of 2.04%, while the 30-day share price return is down 4.24%. Over a longer horizon, total shareholder return of 22.83% over 1 year and 108.51% over 5 years provides additional...