According to UOB, this is the first issuance of a Singapore covered bond in 2022. The EUR1.5 billion transaction also makes this the largest Singapore EUR covered bond ever.
UOB, on March 10, announced that it intends to issue EUR1.5 billion ($2.24 billion) worth of covered bonds due 2025.
The bonds, which carry a coupon of 0.387% per annum, will be issued as the 11th series under the US$8 billion ($10.89 billion) global covered bond programme.
