UOB prices US$500 million 2.25% fixed rate senior notes

UOB announced that it intends to issue US$500 million 2.25% fixed rate senior notes due 2017.

UOB said the notes will be issued under the S$5 billion Euro-Medium Term Note Programme established by the company on 8 June 2010 and updated on 27 February 2012.

Here’s more from UOB:

United Overseas Bank Limited, Australia and New Zealand Banking Group Limited, Credit Suisse (Singapore) Limited and Nomura Singapore Limited have been appointed as joint lead managers and joint bookrunners, and CIMB Bank (L) Limited has been appointed as co-manager, for the Notes.

The Company is pleased to announce that it has priced the offering of the Notes and the principal terms of the Notes are as follows:

Issue Size: US$500 million
Issue Price: 99.868% of the principal amount of the Notes
Interest: 2.25% per annum payable semi-annually in arrear
Ratings: The Notes have been rated Aa1 by Moody’s Investors
Service, AA- by Standard & Poor’s Ratings Services and
AA- by Fitch Ratings
Maturity Date: 5 years from the date of issue

The issue date of the Notes is currently expected to be on 7 March 2012.

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