UOB issues HKD 850 million perpetual securities with an annual coupon rate of 3% | Lianhe Zaobao
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UOB issued SGD 850 million of perpetual capital securities with an annual coupon rate of 3%, which can be first redeemed in 2033. This is the first issuance of new SGD AT1 capital bonds by a local bank since January 2024, and it is part of the additional tier 1 capital. The issuance received subscriptions from over 96 fixed income accounts, totaling more than SGD 2 billion, with a subscription multiple of 2.4 times. The Monetary Authority of Singapore stipulates that additional tier 1 or tier 2 capital bonds issued by banks cannot be sold to retail investors
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