United Overseas Bank Limited (U11) announced on Mar, 19 2026 that it has priced its RMB5 billion 2026 Renminbi Bonds (Series 1) in China’s interbank bond market.
The bonds will be issued at par with a 1.83 % annual coupon, mature three years from the issue date and carry onshore ratings of AAA for the issuer and AAA for the bonds from China Chengxin International Credit Rating. The issue date is expected on Mar, 20 2026.
Bank of China serves as Lead Underwriter and Lead Bookrunner, while Industrial and Commercial Bank of China is Lead Underwriter and Joint Bookrunner. Thirteen additional institutions, including Agricultural Bank of China, China Construction Bank and Deutsche Bank (China), are Joint Lead Underwriters and Joint Bookrunners.
UOB plans to remit 100 % of the net proceeds offshore for use by its branches in Hong Kong and ASEAN to support general banking operations, with a focus on financing PRC-linked enterprises and investments in the PRC real economy.
The bank intends to apply for a listing of the bonds on Singapore Exchange Securities Trading Limited; listing approval has not yet been secured.