United Overseas Bank (UOB)

Capital markets

UOB upsizes Australian dollar FRN issuance on strong demand, tight pricing

SINGAPORE (July 18): United Overseas Bank has announced the issuance of A$500 million of three-year senior unsecured floating rate notes (FRN), priced at the Australian 3-month Bank Bill Swap Reference Rate + 0.53% per annum payable quarterly in arrears.

Inclusive society

UOB launches initiative to help business clients hire those with disabilities

SINGAPORE (July 16): To help put more people with disabilities into jobs, United Overseas Bank (UOB) on Tuesday launched a programme to connect their private sector clients with social service agencies that can help with the hiring process.

Capital markets

Strong demand for UOB's $750 mil perps

SINGAPORE (July 11): Perpetual capital securities have had something of a bad rap in Singapore following Hyflux’s default of its retail issuance of $900 million of perpetual capital securities and preference shares (PnP), where some 34,000 retail invest

Investing ideas

Can Singapore banks fend off new challengers as city-state grants digital bank licences?

SINGAPORE (July 4): DBS Group Holdings (DBS), Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have enjoyed a decades-long dominance of the banking market in Singapore.

Deals, joint ventures & alliances

UOB in JV to form Shanghai finance company

SINGAPORE (June 28): United Overseas Bank (UOB) has entered into a joint venture that would help deepen the bank’s presence in China.

Startups, Entrepreneurs, Digital economy

UOB and Zilingo tie up to drive growth of Asean’s fashion industry

SINGAPORE (June 26): United Overseas Bank (UOB) and Zilingo, the fashion and lifestyle e-commerce platform, have signed a Memorandum of Understanding (MOU) to support the growth of Asean’s fashion industry.

Zest

Singapore banks top customer satisfaction in Asian transaction banking

SINGAPORE (June 25): The primary transaction banking customers of United Overseas Bank (UOB) are most satisfied with the bank’s liquidity management solutions in Asia, according to East and Partners’ latest research.

Capital markets

CapBridge and UOB in deal to provide firms in Asia with access to private capital

SINGAPORE (June 24): High-growth private companies in Asia can now tap private capital as an alternate form of funding.

Broker's Calls

UOB upgraded to 'buy' as price rally continues

SINGAPORE (June 21): OCBC Investment Research is upgrading United Overseas Bank (UOB) to “buy” amid a share price rally that has seen shares in UOB surge by some 12% so far this month.

Broker's Calls

Virtual banks not a threat to Singapore banks – for now, says CGS-CIMB

SINGAPORE (June 20): The Monetary Authority of Singapore (MAS) is studying the potential for opening the doors to “digital-only banks with non-bank parentage”.
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