UOB prices EUR850 million in EUR-denominated covered bond

UOB repriced the Singapore curve tighter by 1 basis point (bps), with final pricing of mid-swap (MS) plus 30bps landing 1bps inside fair value. The issuer successfully crystallized a tighter 3s5s curve, or the yield spread between the 3-year and 5-year EUR mid-swap, at 7bps compared to a usual 10bps curve for EUR covered bond. UOB repriced theSingaporecurve tighter by 1 basis point (bps), with final pricing of mid-swap (MS) plus 30bps landing 1bps inside fair value. The issuer successfully...

SINGAPORE, 25/11/2025 (informazione.news - comunicati stampa - servizi)

UOB repriced the Singapore curve tighter by 1 basis point (bps), with final pricing of mid-swap (MS) plus 30bps landing 1bps inside fair value. The issuer successfully crystallized a tighter 3s5s curve, or the yield spread between the 3-year and 5-year EUR mid-swap, at 7bps compared to a usual 10bps curve for EUR covered bond.

UOB achieved extremely competitive pricing in the EUR covered bond market compared with its USD Senior new issue curve, pushing the boundaries of continually tightening EUR covered bond spreads.

Ms Koh Chin Chin, Head of Group Treasury, Research and Customer Advocacy, UOB, said, "We are pleased to return to the EUR covered bond market and thank investors' continued support in allowing us to extend the curve for Singapore at the tightest 5-year pricing for a non-EU issuer in recent years."

Salient points about this offering

Distribution Statistics

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