United Overseas Bank (UOB) says it intends to issue €1 billion ($1.59 billion) covered bonds as the eighth series under its US$8 billion ($10.74 billion) Global Covered Bond Programme.
The bonds, which are Euro-denominated, will carry a coupon of 0.01% per annum. They will be issued at 101.53% on Dec 1 and mature on Dec 1, 2027.
