UOB prices US$2 billion in US dollar-denominated multi-tranche bond
UOB has priced US$2 billion in a US dollar-denominated multi-tranche bond. This comprises three-year Fixed-Rate Note (FXD), three-year Floating-Rate Note (FRN)and five-year FRN tranches with pricing set at Treasuries plus 40 basis points, SOFR plus 58 basis points and SOFR plus 65 basis points, respectively. https://mma.prnewswire.com/media/2651480/UOB_Latest_Logo_Logo.jpg UOB re-entered the US dollar market and took advantage […]