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UOB Sydney prices A$1.5 bil worth of senior unsecured notes due 2026

Felicia Tan
Felicia Tan • 2 min read
UOB Sydney prices A$1.5 bil worth of senior unsecured notes due 2026
The notes are expected to be issued on March 16. They will both mature on March 16, 2026. Photo: Bloomberg
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United Overseas Bank (UOB) (SGX:U11) , on March 9, announced that its Sydney branch has priced A$750 million ($669.3 million) worth of floating rate senior unsecured notes due 2026.

The floating rate senior unsecured notes have a coupon rate of the three-month bank bill swap reference rate plus 0.73% per annum (p.a.) that’s payable quarterly in arrear.

At the same time, UOB Sydney has priced A$750 million worth of senior unsecured notes with a 4.642% p.a. coupon rate. The senior unsecured notes are also due 2026.

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