The senior notes and the subordinated notes have been priced at a fixed coupon rate of 1.25% and 2% per annum respectively.
United Overseas Bank (UOB) has priced Singapore’s first sustainability bond offering from Singapore, raising US$1.5 billion ($2.01 billion) under its $15 billion Global Medium Term Note (GMTN) Programme.
The US dollar-denominated issuance is the first dual tranche senior (senior notes) and Tier 2 instrument (subordinated notes) in sustainability format globally from a bank issuer. It also represents the inaugural issuance under UOB’s Sustainable Bond Framework which launched in March.
