UOB Prices US$1.2 Billion Dual-Tranche Euro Covered Bond Offering
UOB priced a dual-tranche euro covered bond offering totalling €1.2 billion under its US$15 billion Global Covered Bond Programme, using two- and five-year tenors. Demand supported tighter pricing versus guidance, with maturity management achieved across tranches. Payments are guaranteed by Glacier Eighty, backed by loan and other asset portfolios.