UOB's proposed A$300m notes get Aa1 rating
Rating in line with bank's Aa1 global local currency deposit rating
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THE proposed A$300 million (S$350.9 million) senior unsecured notes to be issued by United Overseas Bank (UOB) through its Sydney branch have been assigned an Aa1 debt rating by Moody's Investors Service.
In a statement released on Thursday, the credit rating agency said the proposed notes are expected to mature in September 2018 and will be issued under UOB's S$10 billion Euro medium-term note programme.
It said the outlook for the rating is stable.
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