Moody's assigns A3(hyb) to UOB's SGD contractual non-viability subordinated securities
Singapore, February 20, 2017-- Moody's Investors Service, has assigned an A3 local currency subordinated debt rating to United Overseas Bank Limited's planned SGD subordinated notes. The notes will be issued pursuant to UOB's SGD15 billion Euro medium term note program. The size of the transaction, as well as the coupon rate, are yet to be determined by the issuer.United Overseas Bank is bank in Asia with a network of offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Co. provides a range of financial services including personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, brokerage and clearing services, asset management, venture capital management and insurance. Co. operates within three main operating segments: Group Retail, Group Wholesale, and Global Markets and Investment Management. As of Dec 31 2014, Co. had total assets of S$306.74 billion.
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