UOB Prices New Senior Notes to Bolster Financial Flexibility

UOB ( (SG:U11) ) just unveiled an update.

United Overseas Bank Limited has announced the pricing of its new issuance of senior notes under its US$30 billion Global Medium Term Note Programme. The issuance includes US$800 million 4.401% Senior Notes due 2028, US$900 million Senior Floating Rate Notes due 2028, and US$300 million Senior Floating Rate Notes due 2030. The notes are managed by a consortium of banks, including UOB itself, and are intended to strengthen the company’s financial position and support its strategic initiatives. This move is expected to enhance UOB’s liquidity and provide more flexibility in its financial operations, potentially impacting its competitive stance in the financial industry.

More about UOB

United Overseas Bank Limited (UOB) is a prominent financial institution headquartered in Singapore, with a significant presence across Asia, including markets such as Malaysia, Thailand, and Vietnam. The company offers a wide range of financial services, including personal and corporate banking, investment banking, and asset management.

YTD Price Performance: 5.78%

Average Trading Volume: 5,951

Technical Sentiment Signal: Sell

Current Market Cap: $47.41B

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