UOVEY United Overseas Bk (PK)

54.34

0.39 (0.72%)

27 Nov 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
United Overseas Bk (PK)	USOTC:UOVEY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.39	0.72%	54.34	53.77	54.84	54.375	53.50	53.50	38,592	22:00:01

2nd UPDATE: United Overseas Bank Prices US$500 Million Bond

29/02/2012 5:00pm

Dow Jones News

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United Overseas Bank Ltd. (U11.SG) has priced a US$500 million five-year dollar bond at 99.868 to yield 2.278%, a person familiar with the deal said Wednesday.

That translates to a spread of 144 basis points over comparable Treasurys--tighter than initial guidance, which indicated a spread of around 150 basis points over Treasurys. The bond has a 2.25% coupon.

ANZ, Credit Suisse, Nomura, and UOB were joint bookrunners on the Reg S senior unsecured offering, which is rated Aa1 by Moody's Investors Service and AA-minus by Fitch Ratings and Standard & Poor's Ratings Services.

-By Natasha Brereton-Fukui, Dow Jones Newswires; +65-6415-4044; natasha.brereton-fukui@dowjones.com