UOB (SG:U11) has released an update.
United Overseas Bank Limited’s Sydney Branch is set to issue A$100 million in Floating Rate Senior Unsecured Notes, consolidating with an existing A$750 million series due in 2025. These notes, part of a larger US$30 billion Global Medium Term Note Programme, are expected to carry a Moody’s rating of Aa1, S&P’s AA-, and Fitch’s AA-. The notes will have a quarterly payable coupon pegged to the 3 month BBSW Rate plus 0.59% per annum.
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