United Overseas Bank (Singapore) (SG:U11) has released an update.
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United Overseas Bank Limited’s Sydney Branch is set to issue A$950 million in Floating Rate Senior Unsecured Notes and A$300 million in Fixed Rate Senior Unsecured Notes, both due in 2027. These notes, part of a US$30 billion Global Medium Term Note Programme, are being led by four major financial institutions with the anticipation of strong ratings from Moody’s, S&P, and Fitch. The offering is restricted and will not be available for sale in the United States or to any U.S. persons.
For further insights into SG:U11 stock, check out TipRanks’ Stock Analysis page.