UOB prices A$2 billion floating rate senior unsecured notes

UOB announced on Friday (Feb 21) that its Sydney branch has priced its A$2 billion (S$1.7 billion) floating rate senior unsecured notes.

The notes will be due on Feb 28, 2028, and have a coupon of three-month bank bill swap rate plus 0.65 per cent per annum payable quarterly in arrear.

They will be issued under the lender’s US$30 billion global medium term note programme. They are also expected to be rated “Aa1” by Moody’s, “AA-” by S&P and “AA-” by Fitch Ratings.

The notes are expected to be issued on Feb 28, 2025.

ANZ, Bank of China, Commonwealth Bank of Australia, UBS, UOB and Westpac Banking Corporation have been appointed as the joint lead managers and bookrunners for the notes.

UOB shares closed at S$38.38, down S$0.05 or 0.1 per cent on Friday, before the announcement.