UOB

UNITED Overseas Bank (UOB) has priced the issue of its US$500 million subordinated notes due 2026 and callable in 2021 under its S$15 billion euro medium term note programme.

The notes, priced at 99.574 per cent of their principal amount, bear an interest rate of 3.5 per cent per annum payable in arrears semi-annually, UOB said in a Singapore Exchange announcement on Thursday.