UOBSP 2.000% 14Oct2031 Corp (USD)

Bond Factsheet

United Overseas Bank Limited (UOB)

Indicative

Full Lot

Bid Price

99.956

Change in Bid Price

0.034

Bid Yield (%)

3.944 %

Change in Bid Yield

remove 1.132

Ask Price

99.966

Change in Ask Price

0.030

Ask Yield (%)

3.498 %

Change in Ask Yield

remove 1.022

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

Bond Issuer

United Overseas Bank Limited (UOB)

Guarantor

Announcement Date

07 Apr 2021

Issue Date

14 Apr 2021

Maturity Date

14 Oct 2031

Years to Maturity / Next Call

5.029 / 0.027

Modified Duration

4.663 @ 02 Oct 2026

Issue / Reoffer Price

99.555

Issue / Reoffer Yield

2.820

Coupon Type

Variable

Annual Coupon Rate

2.000

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

First Reset Date: Oct 2026
Reset Rate: Prevailing 5 year US Treasury + the Initial Spread (1.230%)

ISIN

US91127LAE02

CUSIP

91127LAE0

Bond Currency

USD

Total Issue Size

750,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ AA-

Bond Credit Rating (S&P/ Fitch)

***/ A

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Loss Absorption

Tier 2

Write Down on a Loss Absorption Event:

(i) In instances where “Write Down” is specified as the Loss Absorption Measure in the relevant Pricing Supplement for any Subordinated Notes, if a Loss Absorption Event occurs the Issuer shall, upon the issue of a Write Down Notice, irrevocably and without the need for the consent of the Trustee or the holders of any Subordinated Notes:

(A) reduce the principal amount; and

(B) cancel any accrued but unpaid interest (up to the relevant Loss Absorption Measure Effective Date),

in respect of each Subordinated Note (in whole or in part) by an amount equal to the Write Down Amount per Subordinated Note (a “Write Down”, and “Written Down” shall be construed accordingly).

Once any principal or interest under a Subordinated Note has been Written Down, it will be extinguished and will not be restored in any circumstances, including where the relevant Loss Absorption Event ceases to continue. No Noteholder may exercise, claim or plead any right to any Write Down Amount, and each Noteholder shall be deemed to have waived all such rights to such Write Down Amount.

“Loss Absorption Event” means the earlier of:

(i) the MAS notifying the Issuer in writing that it is of the opinion that a write down or conversion is necessary, without which the Issuer would become non-viable; and (ii) the MAS notifying the Issuer in writing of its decision to make a public sector injection of capital, or equivalent support, without which the Issuer would have become non-viable, as determined by the MAS; BAIL-IN POWER Should a Bail-in Certificate (as defined in the MAS Act) be issued, the Subordinated Notes may be subject to cancellation, modification, conversion and/or change in form, as set out in such Bail-in Certificate.

Issuer Call

Subject to Condition 5(k) and unless otherwise specified in the Pricing Supplement, if Call Option is specified hereon as applicable, the Issuer may, on giving not less than 15 days’ irrevocable notice to the Noteholders and the Trustee, elect to redeem all, but not some only, of the Subordinated Notes on (i) the relevant Optional Redemption Date specified hereon (which shall not be less than 5 years from the Issue Date); and (ii) any Interest Payment Date following such Optional Redemption Date (the “Subordinated Notes Optional Redemption Dates” and together with the Senior Notes Redemption Date, the “Optional Redemption Dates”) at their Optional Redemption Amount specified hereon or, if no Optional Redemption Amount is specified hereon, at their nominal amount together with interest accrued but unpaid (if any) to (but excluding) the date fixed for redemption in accordance with these Conditions. All Subordinated Notes in respect of which any such notice is given shall be redeemed on the date specified in such notice in accordance with this Condition. The Maturity Date of the Subordinated Notes will not be less than five years from the Issue Date.

Optional Redemption Date(s): The First Call Date only

First Call Date: 14 October 2026

Additional Note

Agreement with respect to the exercise of Bail-in Powers (as defined in the Conditions) in relation to Subordinated Notes and Perpetual Capital Securities

Notwithstanding and to the exclusion of any other term of the Subordinated Notes or Perpetual Capital Securities, as applicable, or any other agreements, arrangements, or understandings between the Issuer and the Trustee or any holder of any Subordinated Note or Perpetual Capital Security, as applicable, the Trustee and each holder of any Subordinated Note or Perpetual Capital Security, as applicable, (which, for the purposes of this clause, includes each holder of a beneficial interest in the Subordinated Notes or Perpetual Capital Securities, as applicable) by its acquisition of the Subordinated Notes or Perpetual Capital Securities, as applicable, acknowledges and accepts that the Subordinated Notes or Perpetual Capital Securities, as applicable (including but not limited to any Amounts Due (as defined in the Conditions) thereunder), may be the subject of a Bail-in Certificate (as defined in the Conditions), and subject to the exercise of Bail-in Powers by the Resolution Authority (as defined in the Conditions) without any prior notice, and acknowledges, accepts, consents, and agrees to be bound by the exercise of any provision of the Bail-in Certificate in accordance with its terms (which will take effect without any other or further act by the Issuer and which shall be binding on the Issuer, the Trustee and each holder of any Subordinated Notes or Perpetual Capital Securities, as applicable), and the effect of the exercise of the Bail-in Powers by the Resolution Authority, that may include and result in one or more of the following:

(a) the cancellation of the whole or a part of such Subordinated Notes or Perpetual Capital Securities, as applicable;

(b) the modification, conversion or change in form of the whole or a part of such Subordinated Notes or Perpetual Capital Securities, as applicable;

(c) that such Subordinated Notes or Perpetual Capital Securities, as applicable, are to have effect as if a right of modification, conversion or change of their form had been exercised under them; and

(d) any incidental, consequential and supplementary matters, including a requirement that the Issuer or any other person must comply with a general or specific direction set out in the Bail-in Certificate.

See Note Condition 6A and Perpetual Capital Securities Conditions 7A.

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Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

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