Institutional interest in Basel III bonds gains strength
Just over 40% of UOB's $500m Basel III-compliant bonds taken up by insurers
[SINGAPORE] UOB's early and steady march in the issuance of Basel III-compliant bonds offers a case study on shifting appetite for such bonds.
This has been highlighted in its latest $500 million Singapore-dollar Basel III-compliant bond, which was priced last week, sources say.
Just over 40 per cent of the callable bond issue - the fourth Basel III instrument issued by UOB to date - were taken up by insurance companies, making them the single-largest investor in the latest instrument issued by the bank.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story