March 27 (Reuters) - Singapore's United Overseas Bank (UOB) UOBH.SI said on Thursday it intends to issue $2 billion in a U.S. dollar-denominated multi-tranche bond due 2028 and 2030.
The issue comprises of $800 million senior notes due 2028 priced at 4.401%, $900 million senior floating rate notes due 2028, and $300 million senior floating rate notes due 2030.
The bank said in a statement that it had taken advantage of recent constructive markets and stable window, ahead of U.S. President Donald Trump's proposed tariffs on April 2.
"The USD market continues to be one of our deepest liquidity sources," said Koh Chin Chin, UOB's head of group treasury, research and customer advocacy, adding that solid reception from real money investors allowed them to surpass their size expectations at very competitive funding levels.
The lender did not reveal how it intends to utilise the proceeds.
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