UOB’s Sydney branch has priced A$750 million three-year senior unsecured floating rate notes due May 2024, the Singapore bank said in a filing to SGX late Tuesday.
The notes will be issued at 100.3 percent of the principal amount, less accrued interest of three days, with a coupon of the three-month bank bill swap reference rate plus 0.35 percent per annum, payable quarterly, UOB said.
The issuance will be consolidated and form a single series with the existing A$250 million floating rate notes due May 2024 issued on 20 May 2021, UOB said. The notes will be issued under the US$15 billion global medium-term note program, UOB said.
The notes, issued in Australian dollars, are expected to be rated Aa1 by Moody’s Investors Services, AA-minus by Standard & Poor’s Rating Services and AA-minus by Fitch Ratings, the filing said.
ANZ Banking Group has been appointed the sole lead manager and bookrunner for the notes, the filing said.
The maturity date will be 20 May 2024. The issue date is expected to be 17 August, the filing said.