Singaporean bank UOB issues 3-year panda bond worth 5 bln yuan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
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Source: Yahoo Finance
UOB's Panda Bond Issuance: United Overseas Bank (UOB) raised 5 billion yuan ($702 million) through a three-year panda bond, marking its first issuance since 2019, with a coupon rate of 2.3% and a subscription ratio of 1.73 times.
Potential Listing on Singapore Exchange: UOB plans to apply for the bond to be listed on the Singapore Exchange, which could make it the first financial institution to list a panda bond on the domestic exchange, pending approval.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
