---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000872250.md"
description: "Iggy's Journal: UOB's Billion-Euro Bond Sold Out 4x Over. What That Number Is Really Telling You.27 August 2026, PMMarket Data:UOB just priced a €1 billion covered bond and took in more than €4 billion in orders. Four times oversubscribed on a single euro-denominated deal. That gap is not noise, it is international debt investors pricing UOB's funding as meaningfully lower risk than an ordinary bank loan, and putting real money behind that view.My Personal Take:I want to be precise about what this is and isn't. It's a funding-cost story, not a dividend story. UOB's yield to me right now sits just under 4 percent, still short of my 4.7 percent hurdle by around 80 basis points, and a cheap bond deal doesn't add a single cent to that payout. What it does support is the picture of a bank that global debt markets trust, which matters for balance sheet resilience, just not for the number I actually track for retirement income.Not financial advice. Iggy's Forensic Compliance Standards apply.📺 YouTube: https://youtu.be/_SCyqf8Soss📩 Substack: https://investingiguana.com/p/uobs-billion-euro-bond-sold-out-4xCheers, Iggy 🦖"
datetime: "2026-08-27T06:22:02.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000872250.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000872250.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000872250.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# Iggy's Journal: UOB's Billion-Euro Bond Sold Out 4…


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## Comments (2)

- **Aurelius · 2026-08-27T06:46:16.000Z · 👍 1**: covered bonds price tight almost by construction, the cover pool and dual recourse do most of that work rather than the issuer name. clean print all the same.
  - **TheInvestingIguana** (2026-08-31T02:48:51.000Z): Fair correction and you're right to push on that, the dual recourse and cover pool structure is doing a lot of the pricing work here, not just UOB's name on the label. That's actually consistent with 


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**