Singapore's UOB to issue two euro-covered bonds under $15 billion plan

United Overseas Bank

27/08/2026 02:27

Aug 27 (Reuters) - Singapore's United Overseas Bank (UOB) UOBH.SI said on Thursday it intended to issue two euro-covered bonds totalling €1 billion ($1.17 billion) under its $15 billion global covered bond programme. 
Here are some details : 
Southeast Asia's third-largest bank by assets said it planned to issue euro fixed rate covered bonds with an issue size of €500 million ($582.80 million) at a coupon rate of 3.118% per annum payable annually in arrear.
The covered bonds are expected to mature on September 8, 2028.
In a separate statement, the lender said it intended to issue another euro fixed rate covered bond with an issue size of €500 million ($582.80 million), with a maturity date of September 8, 2031. 
The coupon rate for the bond maturing in 2031 is 3.342% per annum payable annually in arrear.
Both covered bonds are expected to be rated "Aaa" by Moody's Investors Service and "AAA" by Standard & Poor's Rating Services, UOB said.

($1 = 0.8579 euros)

 (Reporting by Sherin Sunny in Bengaluru; Editing by Subhranshu Sahu)
 ((Sherin.Sunny@thomsonreuters.com;))