SINGAPORE (Sept 15): UOB has on Sept 15, priced £850 million (S$1.58 billion) worth of floating rate covered bonds under the US$8 billion (S$10.74 billion) Global Covered Bond Programme.

The GBP-denominated bonds will use the compounded daily Sterling overnight interest rate average (SONIA) as its interest basis, making UOB the first issuer in Singapore to do so.

The issuance follows UOB’s consent solicitation for the...(click on link for full story on theedgesingapore.com)