New Issue: United Overseas Bank prices $500 million 1 5/8% covered bonds

Chicago, Aug. 29 – United Overseas Bank Ltd. priced $500 million of 1 5/8% covered bonds due Sept. 5 2022 at 99.694, according to a company release.

The notes will be issued as the seventh series under the $8 billion global covered bond program.

United Overseas Bank Ltd., Credit Suisse Securities (Europe) Ltd., HSBC Bank plc, ING Bank NV, Singapore Branch and UBS AG London Branch are lead managers.

The retail bank is based in Singapore.

Issuer:	United Overseas Bank Ltd.
Guarantor:	Glacier Eighty Ptd. Ltd.
Issue:	Fixed-rate covered bonds
Amount:	$500 million
Coupon:	1 5/8%
Price:	99.694
Maturity:	Sept. 5, 2022
Lead managers:	United Overseas Bank Ltd., Credit Suisse Securities (Europe) Ltd., HSBC Bank plc, ING Bank NV, Singapore Branch and UBS AG London Branch
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Expected ratings:	Moody’s: Aaa
	S&P: AAA
Distribution:	Regulation S

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