UOB returns for second Basel III tier one

11 Nov 2013

United Overseas Bank plans to issue a second Basel III-compliant tier one deal nearly four months after it sold the region’s first.

Joint bookrunners Credit Suisse, Nomura, Standard Chartered, UBS and UOB announced the additional Reg S tier one non-call six on Monday at 4.9%, which is about 20bp over the bank’s tier one S$850m ($670.9m) perpetual non-call fives that priced at 4.9% in July on a call-date adjusted basis.

UOB’s ...

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