UOB sells record S$750m tier-2 bond

It is the biggest Basel III-compliant, Singapore dollar-denominated tier-2 bond and met with robust demand, not least from private banking clients, reflecting the dearth of supply.

Ray Chan

February 21, 2017

United Overseas Bank priced the largest-ever Basel III-compliant, Singapore-dollar bond on Monday, setting a fresh benchmark for other issuers and achieving tight pricing thanks to continued strong demand from private banking clients for subordinated bank capital.

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