UOBSP 3.500% 16Sep2026 Corp (USD)

Bond Factsheet

Matured/ Called

United Overseas Bank Limited (UOB)

Indicative

Full Lot

Bid Price

102.936

Change in Bid Price

remove 2.528

Bid Yield (%)

Change in Bid Yield

Ask Price

103.587

Change in Ask Price

remove 3.178

Ask Yield (%)

Change in Ask Yield

Indicative price as of 12 Oct 2021, 12:00am

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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

09 Mar 2016

Issue Date

16 Mar 2016

Maturity Date

16 Sep 2026

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.500

Coupon Type

Variable

Annual Coupon Rate

3.500

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Subordinated

Reference Rate

Reset Date = 16 September 2021
Reset Rate = Prevailing U.S. Dollar 5-year Mid Swap Rate plus the Initial Spread (2.236%)

ISIN

XS1379133058

CUSIP

JK3961469

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

700,000,000

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)

***/ W.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Loss Absorption

- Earlier of 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 or 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 MAS WRITE-DOWN (PARTIAL ALLOWED):

- In respect of each Tier 2 Subordinated Note, the Issuer shall reduce the principal amount and cancel any accrued but unpaid interest by an amount as the Issuer shall, in consultation with the MAS, determine or as the MAS may direct, which is required to reduced and cancelled for the Issuer to cease to be non-viable

- Write-down of Tier 2 securities will only occur after Additional Tier 1 Capital Securities with loss absorption features are fully written off or converted to equity, and pro rata with all other Tier 2 Capital Securities with loss absorption features

- Write-down is permanent and irrevocable

Issuer Call

First Call Date: 16 Sep 2021

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