UOB Sydney Branch has priced a A$2 billion ($1.28 billion) three-year senior floating-rate bond on February 21 – the largest-ever Australian dollar issuance from a Singapore issuer.
The pricing of the floating rate instrument, at 0.65% above the three-month Bank Bill Swap Rate (BBSW), also represents the tightest spread achieved by any Asian bank for an issuance above A$1 billion, according to a ANZ media release.
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Source : https://www.financeasia.com/article/uob-sydney-issues-record-a2bn-bond-for-a-singapore-issuer/500949
