KUALA LUMPUR, July 29 — United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has successfully priced an offering of RM750 million Tier 2 subordinated medium term notes (MTN) due August 2030 and callable in August 2025 at a fixed coupon rate of three per cent per annum. The pricing is at the tight...
Wednesday, 29 Jul 2020 10:22 AM MYT
The pricing is at the tight end of price guidance and is also the lowest coupon ever achieved to-date for a ringgit-denominated Basel III-compliant subordinated Tier 2 transaction, the bank said in a statement today. Orders in excess of RM1.5 billion were received from 25 quality institutional investors, including insurance companies, fund managers, banks and private banks.
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