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Prospect News home > News index > List of issuers Tenders > Headlines for 2018 > News item
Published on 6/22/2018 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Singapore’s United Overseas Bank calls S$850 million 4.9% perpetuals

By Marisa Wong

Morgantown, W.Va., June 22 – United Overseas Bank Ltd. announced it will redeem its S$850 million of 4.9% non-cumulative non-convertible perpetual capital securities in full on July 23.

The securities will be redeemed at par of S$250,000 plus accrued distributions to the redemption date.

Bank of New York Mellon, Singapore Branch is the trustee.

The retail bank is based in Singapore.


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