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UOB ( (SG:U11) ) has shared an announcement.
United Overseas Bank Limited has announced the pricing of GBP750,000,000 in Floating Rate Covered Bonds due in June 2029 under its US$15 billion Global Covered Bond Programme. This issuance, managed by UOB alongside Bank of Montreal and RBC Europe Limited, reflects the bank’s strategy to strengthen its funding base and enhance its financial offerings, potentially impacting its market position and stakeholder interests positively.
The most recent analyst rating on (SG:U11) stock is a Hold with a S$36.50 price target. To see the full list of analyst forecasts on UOB stock, see the SG:U11 Stock Forecast page.
More about UOB
United Overseas Bank Limited (UOB) is a financial institution operating in multiple countries including Singapore, Australia, and the United Kingdom. It offers a range of banking services, focusing on corporate, retail, and investment banking, and has a significant presence in the Asia-Pacific region.
Average Trading Volume: 3,149,175
Technical Sentiment Signal: Buy
Current Market Cap: S$56.19B
For detailed information about U11 stock, go to TipRanks’ Stock Analysis page.