United Overseas Bank Prices 5 Billion Yuan Worth of Bonds

MT Newswires

03/19

United Overseas Bank (SGX:U11) priced 5 billion yuan worth of 1.83% bonds, according to a Thursday filing with the Singapore Exchange.

Several banks have been appointed as lead underwriters and lead bookrunners for the bonds, which will mature three years from the date of issuance.

Proceeds from the bonds will be used by the bank's branches in Hong Kong and ASEAN to support general banking business.

The bonds are expected to be issued on March 20, the filing added.

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