UOB Prices €850 Million Bond at 2.718% Coupon, Expiring 2030
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2025
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Source: PRnewswire
- Successful Bond Issuance: UOB successfully priced €850 million in bonds with a 2.718% annual coupon, achieving oversubscription of over €1.2 billion, indicating strong market demand for Singaporean debt and reinforcing its position in the international capital markets.
- Significant Market Impact: This bond represents the longest-dated EUR covered bond from Singapore and the first 5-year bond since October 2021, thereby broadening the pricing curve for Singaporean issuers and enhancing market liquidity.
- Spread Optimization: UOB adjusted the bond pricing to mid-swap plus 30 basis points, which is 1 basis point below fair value, successfully achieving a tighter 3s5s spread of 7 basis points compared to the usual 10 basis points, demonstrating its competitiveness in the bond market.
- Strong Investor Support: UOB's Group Treasurer expressed gratitude for the continued support from investors, enabling the issuance of the tightest-priced non-EU 5-year bond in recent years, further enhancing Singapore's attractiveness in the international bond market.
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.
