UOB launches $800m Basel III debut

The Singapore bank prices Southeast Asia’s first dollar Basel III Tier 2 bond.

United Overseas Bank (UOB) sold a $800 million Basel III-compliant Tier 2 subordinated bond on Tuesday, pricing the transaction deep inside the curve of its existing old-style notes as institutional investor demand for the structure increases.

¬ Haymarket Media Limited. All rights reserved.

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