UOL's wholly owned unit sets up S$1b medium-term note programme
UOL Group's wholly owned UOL Treasury Services (UTS) has established a S$1 billion multicurrency medium-term note programme.
The notes will be unconditionally and irrevocably guaranteed by UOL. United Overseas Bank is the programme's arranger and dealer.
UTS was incorporated as a private limited company in Singapore on Nov 24, 2011, and its principal activities include the provision of financial and treasury services to UOL and its subsidiaries.
Each series of notes may be issued in various amounts and tenures, and may bear fixed, floating or variable rates of interest. Hybrid notes or zero coupon notes may also be issued under the programme.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won