UPDATE (BOOKS): United Overseas Bank £ bmk 3.5yr FRN CB; SONIA+54a
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
IPT
United Overseas Bank
3.5yr
25-Feb-30
bmk
CB
Floating
SONIA+54a
Book Update: Books in excess of £1.25bn IPTs: 3.5yr: SONIA+54a
Issuer:United Overseas Bank Limited
Issuer LEI: IO66REGK3RCBAMA8HR66
Type: Singapore Covered Bond backed by 100% SGD denominated Singaporean residential mortgage loans, regulated under MAS Notice 648 pursuant to the Banking Act in Singapore, ECBC Covered Bond Label Compliant
Covered Bond Guarantor: Glacier Eighty Pte. Ltd.
Expected Issue Ratings: Aaa/AAA (Moody's/S&P)
Format: Reg S (Category 2), Registered (TEFRA not applicable)
Currency: £
Size: Benchmark
Trade Date: 18-Aug-26
Settle: 25-Aug-26 (T+5)
Maturity: Interest Payment Date falling on or nearest to 25-Feb-30 (soft bullet)
Coupon: Floating, Compounded Daily SONIA, 5 day observation lag, ACT/365F. Compounded Daily SONIA+[X]bps per annum payable quarterly in arrear on each Interest Payment Date up to but excluding the Maturity Date. If applicable, Compounded Daily SONIA+[X]bps per annum payable monthly on each Interest Payment Date from and including the Maturity Date up to but excluding the Extended Due for Payment Date.
Reoffer Price: 100%
Listing / Governing Law: Singapore Exchange Securities Trading Limited ("SGX-ST") / English Law (bond and swap documents) & Singapore law (asset documents)
Denominations: £100,000 + £1,000
List/Docs: SGX-ST / US$15bn Global Covered Bond Programme
ISIN/Common Code: XS3479607569 / 347960756
Joint Lead Managers: BMO (B&D), HSBC, RBC, Standard Chartered Bank, UOB
Target Investors: Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No PRIIPS Key Information Document (KID) or CCI product summary has been prepared as not available to retail in the EEA or in the UK