UOBSP 1.750% 16Mar2031 Corp (USD)

Bond Factsheet

Matured/ Called

United Overseas Bank Limited (UOB)

Indicative

Full Lot

Bid Price

99.977

Change in Bid Price

0.001

Bid Yield (%)

Change in Bid Yield

Ask Price

99.979

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 16 Mar 2026, 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

08 Sep 2020

Issue Date

16 Sep 2020

Maturity Date

16 Mar 2031

Years to Maturity / Next Call

4.456 / -

Modified Duration

Issue / Reoffer Price

99.739

Issue / Reoffer Yield

1.800

Coupon Type

Variable

Annual Coupon Rate

1.750

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Tier 2

Reference Rate

Reset Date: 16 March 2026
Reset Rate: Prevailing 5Y UST + 1.520%

ISIN

XS2230275633

CUSIP

ZO3818671

Bond Currency

USD

Total Issue Size

600,000,000

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

Loss Absorption Event

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

Write-Down (Partial Allowed)

Upon a Loss Absorption Event, the Issuer shall reduce the principal amount and cancel any accrued but unpaid interest by the Write-Down Amount (amount of principal and/or interest as the Issuer shall, in consultation with the MAS, determine or as the MAS may direct, which is required to be Written Down for the Issuer to cease to be non-viable). Write-down of the Subordinated Notes will only occur after all 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

Singapore Bail-In Power

Notwithstanding and to the exclusion of any other term of the Subordinated Notes or any other agreements, arrangements, or understandings between the Issuer and the Trustee or any holder of the Subordinated Notes, the Trustee and each holder of the Subordinated Notes (which, for the purposes hereof, includes each holder of a beneficial interest in the Subordinated Notes) by its acquisition of the Subordinated Notes acknowledges and accepts that the Subordinated Notes (including but not limited to any Amounts Due thereunder), may be the subject of a Bail-in Certificate, and subject to the exercise of Bail-in Powers by the Resolution Authority 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), 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; (b) the modification, conversion or change in form of the whole or a part of such Subordinated Notes; (c) that such Subordinated Notes 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

Issuer Call

Subordinated Notes: 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.

Redemption or Variation of Subordinated Notes: Without prejudice to any provisions in this Condition 5, any redemption pursuant to Condition 5(c)(ii), Condition 5(d)(ii) or Condition 5(f) or variation pursuant to Condition 5(g) of any Subordinated Notes by the Issuer is subject to the Issuer obtaining the prior consent of the MAS.

Optional Redemption Date(s): The First Call Date only (paragraph (ii) of Condition 5(d)(ii) shall not apply to the Notes)

First Call Date: 16 March 2026

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