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UOB prices Singapore's first Panda bond at 3.49%

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Ng Ren Jye

Published Wed, Mar 13, 2019 · 09:50 PM

Singapore

UNITED Overseas Bank (UOB) has successfully priced the first Panda bond from Singapore, which is also only the second issued from a South-east Asian financial institution.

The onshore renminbi (RMB) bond was priced at 3.49 per cent, one of the lowest rates among all Panda bonds issued to date, UOB said in a regulatory filing on Wednesday.

UOB

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