Singapore’s United Overseas Bank calls $500 million preference shares

By Marisa Wong

Morgantown, W.Va., Feb. 12 – UOB Cayman I Ltd., a wholly owned subsidiary of United Overseas Bank Ltd., gave notice that it will redeem in full its $500 million non-cumulative non-convertible guaranteed SPV-A preference shares on March 15.

Holders of the preference shares will receive an amount per share equal to the liquidation preference of $100,000 plus $2,930.20 for accrued dividends from Sept. 15 up to the redemption date.

Bank of New York Mellon is the agent.

The retail bank is based in Singapore.

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