SINGAPORE: United Overseas Bank (UOB), Singapore's second largest lender, plans to sell US$750mil of 10-year bonds tomorrow, said a market source.
The bank’s first return to the debt market since acquiring Overseas Union Bank (OUB) two years ago is aimed at business expansion, according to a circular for the bonds quoted by banking sources. “It’s a window of opportunity given that interest rates are still low,” said an industry analyst.
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