UOB adopts rare structure for dollar AT1 debut

Demand for the non-call six-year note reached $3.25 billion at peak level, highlighting robust appetite for hybrid capital.
October 10, 2017

United Overseas Bank raised $650 million through the sale of its first dollar-denominated Basel III-compliant bond on Wednesday, joining a recent pick-up in issuance of the hybrid capital in Asia.

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