They comprise A$750 million in floating-rate notes and A$1.25 billion in fixed-rate notes
[SINGAPORE] UOB’s Sydney branch has priced a combined A$2 billion (S$1.7 billion) in two tranches of five-year senior unsecured notes, comprising A$750 million in floating-rate notes and A$1.25 billion in fixed-rate notes, the bank said on Wednesday (Jan 21).
The A$750 million floating-rate tranche pays a quarterly coupon pegged to Australia’s benchmark three-month bank bill swap rate, plus 0.72 per cent per annum, and will mature on Jan 29, 2031.
The A$1.25 billion fixed-rate tranche carries a coupon of 5.023 per cent per annum, payable semi-annually, and matures on the same date.
Both tranches are issued under the lender’s US$30 billion global medium-term note programme, UOB said in a bourse filing.
Australia’s ANZ Bank and Westpac Banking join UOB as joint lead managers and bookrunners for the issuance.
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