PR Newswire
09 Mar 2023, 16:58 GMT+10
![]() |
SINGAPORE, March 9, 2023 /PRNewswire/ -- UOB has priced a AUD1.5 billion dual tranche 3-year Senior Unsecured Bond ("Bond") comprising AUD 750 million Floating rate ("FRN") tranche at 3m BBWS + 73 bps and AUD 750 million Fixed Rate ("FXD") tranche on equivalent basis at 4.642%, to be issued under the Global Medium-Term Note (GMTN) Programme. It is the largest AUD bond on record from an Asia ex-Japan bank, and represents the tightest pricing YTD in AUD for any 3-year FI bond, including from major banks.
Ms Koh Chin Chin, Head of Group Treasury and Research, UOB, said, "This is our first international benchmark offering this year and we're very pleased with the reception we were met with, not only from our core investor base, but also from new investors both domestically in Australia and globally. The AUD market not only offers us very valuable diversity, but volumes now are comparable to other international markets. Our commitment to accessing this market as one of our core sources of funding only continues to grow."
Here are some of the deal highlights:
Transaction highlights
Well-timed to leverage strong market technicals
Overwhelming reception with the largest 3-year AUD orderbook for a non-major YTD
Achieved impressive issuance size while maximising pricing tensions
Final orderbook - AUD 2.8 billion from 99 investors
By Investor Type | Percentage |
Bank | 53 % |
Asset Managers/Fund Managers/Insurance | 28 % |
Official Institutions | 10 % |
Middle Markets (regional banks/brokerages) | 5 % |
Others | 4 % |
By Geography | Percentage |
Asia | 53 % |
Australia | 41 % |
Europe, the Middle East and Africa (EMEA) & | 6 % |
Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More InformationSHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
Vishakhapatnam (Andhra Pradesh) [India], July 15 (ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal,...
New Delhi [India], July 14 (ANI): Mizoram Chief Minister Pu Lalduhoma met Prime Minister Narendra Modi today at his official residence...
(250714) -- SHENZHEN, July 14, 2025 (Xinhua) -- Tanaka Kokoro (R) of Japan competes during the Group B match between Japan and the...
Vishakhapatnam (Kerala) [India], July 14 (ANI): The Union Minister of Ports, Shipping and Waterways (MoPSW), Sarbananda Sonowal inaugurated...
New Delhi [India], July 14 (ANI): The Central government on Monday objected to the legal validity of a petition on maintainability...
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...