Business
UOB prices AUD2 billion in five-year senior unsecured notes
UOB Sydney Branch has priced AUD2 billion in senior unsecured notes across five-year (5Y) fixed and five-year floating rate tranches. This comprised AUD1.25 billion five-year Fixed-Rate Note (FXD) and AUD750 million five-year Floating-Rate Note (FRN) tranches, which were priced on 21 January at the three-month Bank Bill Swap Rate (BBSW) plus 0.72%.
About this update from United Overseas Bank Limited
[{"type":"text","content":"SYDNEY and SINGAPORE, Jan. 23, 2026 /PRNewswire/ -- UOB Sydney Branch has priced AUD2 billion in senior unsecured notes across five-year (5Y) fixed and five-year floating rate tranches. This comprised AUD1.25 billion five-year Fixed-Rate Note (FXD) and AUD750 million five-year Floating-Rate Note (FRN) tranches, which were priced on 21 January at the three-month Bank Bill Swap Rate (BBSW) plus 0.72%.","length":402,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/United Overseas Bank)","displaySize":"","headline":null,"caption":"(PRNewsfoto/United Overseas Bank)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":114,"url":"https://media.zenfs.com/en/prnewswire.com/2d44d0fcd61ae346424daf9bf00fa035"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DFFApJdlXtE7Za4evsh8UA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwMTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2d44d0fcd61ae346424daf9bf00fa035","width":400,"height":114}},"href":"https://mma.prnewswire.com/media/2651480/UOB_Latest_Logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Pricing: Relative Value versus Australian Major Banks and Regional Peers","length":72,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Priced 2 basis points (bps) inside of the most recent Australian Major Bank 5Y Senior (CBA: +74 bp vs UOB: +72 bp)","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Priced flat to an Australian major bank 5Y senior unsecured new issue in today's market, representing no new issue concession","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":"UOB leveraged one of the flattest 3-5yr tenor of 13 bps today vs. a peak of 28 bps in the post-Covid era","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Price the tightest 5Y A$ bank senior unsecured transaction globally since UOB's own A$ 5Y in November 2021","length":110,"tagName":"p"}]},{"val":[{"type":"text","content":"Priced flat to 1 bp tighter vs. UOB US$ 5Y Senior, which was also more impacted by headlines vs. the more defensive nature of the AUD bond market","length":145,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":602,"olType":false},{"type":"text","content":"Investor Demand","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"This trans...