UOB’s China arm brings first onshore bank capital with international rating

UOB_Alamy_230x150_12Nov19
By Rebecca Feng
21 Nov 2019

United Overseas Bank (China), a wholly-owned subsidiary of Singapore’s UOB, raised Rmb1bn ($142m) of tier two capital this week, becoming the first issuer in China’s domestic market to obtain an international rating for a subordinated deal. That proved crucial to driving demand, writes Rebecca Feng.

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