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BRIEF-United Overseas Bank prices US$600 million 2.88 pct subordinated notes

Published 01/09/2016, 11:42 am
Updated 01/09/2016, 11:50 am
© Reuters.  BRIEF-United Overseas Bank prices US$600 million 2.88 pct subordinated notes
UOBH
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Sept 1 (Reuters) - United Overseas Bank Ltd UOBH.SI :

* United Overseas Bank Limited prices US$600 million 2.88% subordinated notes

due 2027) UOBH.SI

* Intends to issue US$600 million 2.88% subordinated notes due 2027 callable in

2022

* Notes will be issued under the s$15 billion euro medium term note programme

* Says notes are expected to be rated a2 by Moody's investors service and a+ by

Fitch ratings

* Says issue date of the notes is currently expected to be on 8 September 2016

* Application will be made to Singapore exchange securities trading for the

listing and quotation of the notes on the sgx-st

* Notes are intended to qualify as tier 2 regulatory capital of the company

* Source text for Eikon ID:nSNZ8ztDr8

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