UOB - United Overseas Bank Ltd. has priced a €850 million covered bond with a maturity in 2030 and a coupon of 2.718% per annum. The issuance attracted strong investor demand, with the order book exceeding €1.2 billion. The bond marks the longest outstanding EUR-denominated covered bond from Singapore and is the first 5-year covered bond from a Singaporean bank issuer since October 2021. Distribution was primarily to asset managers (about 40%), banks (29%), and central banks/official institutions (28%), with notable geographic participation from Switzerland (28%) and Germany (26%). The final pricing was set at mid-swap plus 30 basis points, one basis point below fair value. View original content: https://www.prnewswire.com/news-releases/uob-begeben-gedeckte-schuldverschreibungen-im-wert-von-850-millionen-euro-302627342.html