United Overseas Bank (UOB) issues RMB 5B, 3-year Panda bond, largest by foreign issuer since 2019.
United Overseas Bank (UOB) has issued a RMB 5 billion three-year Panda bond, the largest of its kind by a foreign issuer since 2019, with a coupon rate of 2.3%. The bond attracted strong interest, achieving a subscription ratio of 1.73 times, and over 20% of allocations went to new investors. UOB plans to list the bond on the Singapore Exchange, marking a significant step in the Panda bond market's expansion.
October 22, 2024
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