UOB follows DBS with bank capital encore

Singapore's smallest major bank catches strong tail wind from DBS to bring a second successful bank capital deal from the Lion City.
UOB enters stage left
UOB enters stage left

Singapore's banks showed the international bond markets that two's company on Wednesday after UOB jumped into DBS's slipstream, surprising the market with a new bank capital deal of its own. 

UOB's arrival took some of the shine off DBS's inaugural dollar-denominated Additional Tier 1 AT1 deal.

This opened for trading on Wednesday up almost one point, before hitting a wall of selling, which took it back down to a quarter point increase by the end of Asia's trading day.

Nevertheless, UOB was able to build a peak order book of $5 billion for its new Tier...

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