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

UOB said that 70 per cent of notes were allocated to Australian investors, and the rest to Asian investors; "sizeable orders" were received from investors from Taiwan, Korea and Japan.


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.


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