UOBSP Float 28Feb2023 Corp (GBP)

Bond Factsheet

Matured/ Called

United Overseas Bank Limited (UOB)

Indicative

Full Lot

Bid Price

100.005

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.005

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 09 Mar 2023, 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

Glacier Eighty Pte Ltd

Announcement Date

21 Feb 2018

Issue Date

28 Feb 2018

Maturity Date

28 Feb 2023

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

0.795

Coupon Type

Floating

Annual Coupon Rate

3.635

Coupon Frequency

Quarterly

Seniority

Secured

Capital Structure

Secured

Reference Rate

Floating Coupon Rate: Sterling Overnight Index Average + 0.3242 per cent. per annum

ISIN

XS1781700742

CUSIP

AR3397437

Bond Currency

GBP

Total Issue Size

350,000,000

Min. Investment Quantity (Nominal)

GBP 100,000

Incremental Quantity (Nominal)

GBP 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)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Additional Note

The Company now announces the Sterling LIBOR vs SONIA Interpolated Basis, the Forward Adjustment Spread and the Adjusted Margin applicable to the Covered Bonds. In accordance with Annex B (Margin Adjustment) to the Notice, the determination of the Sterling LIBOR vs SONIA Interpolated Basis and the Forward Adjustment Spread took place at or around 2 p.m. London time (9 p.m. Singapore time) (the “Pricing Time”) on 30 June 2021. Accordingly:

(a) the Sterling LIBOR vs SONIA Interpolated Basis (as calculated by the Solicitation Agents at the Pricing Time) is 0.079 per cent.;

(b) the Forward Adjustment Spread (as calculated by the Solicitation Agents at the Pricing Time) is 0.0052 per cent.; and

(c) the Adjusted Margin (being the sum of (i) the Sterling LIBOR vs SONIA Interpolated Basis, (ii) the Forward Adjustment Spread and (iii) 0.24 per cent. is therefore:

(i) 0.3242 per cent. per annum (from and including the Effective Date to but excluding the Maturity Date); and

(ii) 0.3242 per cent. per annum (from and including the Maturity Date to but excluding the Extended Due for Payment Date).

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