Asian investors drive UOB’s blowout debut Aussie deal
United Overseas Bank’s Sydney branch launched and priced the Singaporean lender’s inaugural Australian dollar deal on Wednesday — a A$350m three year FRN that beat market expectations. Pricing was revised downwards twice during the deal’s execution and lead managers Australia and New Zealand Banking Group, HSBC, Macquarie Bank and UOB took A$1bn worth of orders.
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