UOB's Sydney branch to issue A$750m in floating rate notes due October 2025

Singapore

UOB announced after trading hours on Tuesday that its Sydney branch intends to issue A$750 million in floating rate notes due in October 2025 with a coupon of the three-month bank bill swap reference rate plus 0.59 per cent per annum payable quarterly in arrear.

This comes under the US$15 billion Global Medium Term Note Programme, with the issue date of the notes expected to be Oct 27, 2020.