UOB Sydney issues record A$2bn bond for a Singapore issuer | FinanceAsia

By:
On:
In: Asia, Finance, South-East Asia

The largest-ever Australian dollar issuance from a Singapore issuer was announced by UOB Sydney Branch on February 21. The bond is A$ 2 billion ($ 1.28 billion ) three-year senior floating-rate bond.

According to a ANZ media release, the floating rate instrument’s pricing, which is 0.65 % above the three-month Bank Bill Swap Rate ( BBSW), also represents the tightest spread any Asian bank has achieved for an issuance above A$ 1 billion.

Capitol Media Limited All trademarks are reserved.