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UOB 2.550% Perp (SGD)
United Overseas Bank Ltd
United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.
to trade this BondbloX
Bondblox Price Information
Last Price
97.130
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXSGXF73188736
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.222
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
United Overseas Bank Ltd
ISIN
SGXF73188736
Bond Currency
SGD
Country of Risk
SGP
Guarantor
Not Applicable
Coupon
2.550%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
250,000
Minimum Increment
250,000
Amount Issued
600,000,000
Amount Outstanding
600,000,000
Issue Date
Jun 22, 2021
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Baa1,S&P:BBB-,Fitch:BBB+
Registration Type
Regulation S
Seniority
Subordinated
Callable
Y
Next Call Date
Jun 22, 2028
Next Call Price
100.000
Reference Rate
SDSOA7
Spread
155.1
Refix Frequency (years)
7
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jun 22, 2025
Day Count Basis
ACT/365
Record Date Rule
5 Singapore Business Days, or otherwise specified by SGX
Underlying Bond Features
Distribution Discretions:
Distribution Stopper is applicable.
Write-down on a Loss Absorption Event:
- (i) In instances where “Write Down” is specified as the Loss Absorption Measure in the relevant Pricing Supplement for any Perpetual Capital Securities, if a Loss Absorption Event occurs the Issuer shall, upon the issue of a Write Down Notice, irrevocably and without the need for the consent of the Trustee or the holders of any Perpetual Capital Securities:
- (A) cancel any accrued but unpaid Distributions (up to the relevant Loss Absorption Measure Effective Date); and
- (B) if the cancellations of Distributions in accordance with Condition 7(a)(i)(A) above, together with the cancellation of interest, dividend and/or distribution on any other Loss Absorbing Instruments on or before the relevant Loss Absorption Measure Effective Date, is in aggregate insufficient to result in the relevant Loss Absorption Event no longer continuing, irrevocably (without requiring the consent of the Securityholders) procure that the Registrar shall reduce the Prevailing Principal Amount, in respect of each Perpetual Capital Security (in whole or in part) by an amount equal to the relevant Write Down Amount (a “Write Down”, and “Written Down” shall be construed accordingly).
- Concurrently with the giving of the Loss Absorption Event Notice, the Issuer shall procure, unless otherwise directed by the MAS, that a similar notice be given in respect of other Loss Absorbing Instruments (in accordance with their terms).
- In addition, concurrent with the giving of the Write Down Notice, the Issuer shall also procure, unless otherwise directed by the MAS, that (i) a similar notice be given in respect of other Loss Absorbing Instruments (in accordance with their terms) and (ii) any accrued (and unpaid) distributions in respect of such Loss Absorbing Instruments are cancelled and (if required) the prevailing principal amount of each class of Loss Absorbing Instruments outstanding (if any) is written down or converted into Shares or any other securities which qualify as Common Equity Tier 1 Capital (as the case may be) by a corresponding proportion as soon as reasonably practicable following the giving of such Write Down Notice.
- Once any principal or Distributions under a Perpetual Capital Security has been Written Down, it will be extinguished and will not be restored in any circumstances, including where the relevant Loss Absorption Event ceases to continue. No Securityholder may exercise, claim or plead any right to any Write Down Amount, and each Securityholder shall be deemed to have waived all such rights to such Write Down Amount.
- (ii) If a Loss Absorption Event Notice has been given in respect of any Perpetual Capital Securities in accordance with this Condition 7(a), transfers of any such Perpetual Capital Securities that are the subject of such notice shall not be permitted during the Suspension Period. From the date on which a Loss Absorption Event Notice in respect of any Perpetual Capital Securities in accordance with this Condition 7(a) is issued by the Issuer to the end of the Suspension Period, the Trustee and the Registrar shall not register any attempted transfer of any Perpetual Capital Securities. As a result, such an attempted transfer will not be effective.
- (iii) Any reference in these Conditions to principal in respect of the Perpetual Capital Securities shall refer to the principal amount of the Perpetual Capital Security(ies), reduced by any applicable Write Down(s).
- Any Write Down of Perpetual Capital Securities is subject to the availability of procedures to effect the Write Down in the relevant clearing systems. For the avoidance of doubt, however, any Write Down of any Perpetual Capital Securities under this Condition 7 will be effective upon the date that the Issuer specifies in the Loss Absorption Event Notice (or as may otherwise be notified in writing to the Securityholders, the Trustee and Issuing and Paying Agent by the Issuer) notwithstanding any inability to operationally effect any such Write Down in the relevant clearing system(s).
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXSGXF73188736.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
UOB 2.550% Perp (SGD)
InstitutionsIndividuals
to trade this BondbloX
United Overseas Bank Ltd
United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.
Bondblox Price Information
Last Price
97.130
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXSGXF73188736
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.222
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
United Overseas Bank Ltd
ISIN
SGXF73188736
Bond Currency
SGD
Country of Risk
SGP
Guarantor
Not Applicable
Coupon
2.550%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Banks (AT1)
Minimum Denomination
250,000
Minimum Increment
250,000
Amount Issued
600,000,000
Amount Outstanding
600,000,000
Issue Date
Jun 22, 2021
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
Moody's:Baa1
S&P:BBB-
Fitch:BBB+
S&P:BBB-
Fitch:BBB+
Registration Type
Regulation S
Seniority
Subordinated
Callable
Y
Next Call Date
Jun 22, 2028
Next Call Price
100.000
Reference Rate
SDSOA7
Spread
155.1
Refix Frequency (years)
7
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jun 22, 2025
Day Count Basis
ACT/365
Record Date Rule
5 Singapore Business Days, or otherwise specified by SGX
Underlying Bond Features
Distribution Discretions:
Distribution Stopper is applicable.
Write-down on a Loss Absorption Event:
- (i) In instances where “Write Down” is specified as the Loss Absorption Measure in the relevant Pricing Supplement for any Perpetual Capital Securities, if a Loss Absorption Event occurs the Issuer shall, upon the issue of a Write Down Notice, irrevocably and without the need for the consent of the Trustee or the holders of any Perpetual Capital Securities:
- (A) cancel any accrued but unpaid Distributions (up to the relevant Loss Absorption Measure Effective Date); and
- (B) if the cancellations of Distributions in accordance with Condition 7(a)(i)(A) above, together with the cancellation of interest, dividend and/or distribution on any other Loss Absorbing Instruments on or before the relevant Loss Absorption Measure Effective Date, is in aggregate insufficient to result in the relevant Loss Absorption Event no longer continuing, irrevocably (without requiring the consent of the Securityholders) procure that the Registrar shall reduce the Prevailing Principal Amount, in respect of each Perpetual Capital Security (in whole or in part) by an amount equal to the relevant Write Down Amount (a “Write Down”, and “Written Down” shall be construed accordingly).
- Concurrently with the giving of the Loss Absorption Event Notice, the Issuer shall procure, unless otherwise directed by the MAS, that a similar notice be given in respect of other Loss Absorbing Instruments (in accordance with their terms).
- In addition, concurrent with the giving of the Write Down Notice, the Issuer shall also procure, unless otherwise directed by the MAS, that (i) a similar notice be given in respect of other Loss Absorbing Instruments (in accordance with their terms) and (ii) any accrued (and unpaid) distributions in respect of such Loss Absorbing Instruments are cancelled and (if required) the prevailing principal amount of each class of Loss Absorbing Instruments outstanding (if any) is written down or converted into Shares or any other securities which qualify as Common Equity Tier 1 Capital (as the case may be) by a corresponding proportion as soon as reasonably practicable following the giving of such Write Down Notice.
- Once any principal or Distributions under a Perpetual Capital Security has been Written Down, it will be extinguished and will not be restored in any circumstances, including where the relevant Loss Absorption Event ceases to continue. No Securityholder may exercise, claim or plead any right to any Write Down Amount, and each Securityholder shall be deemed to have waived all such rights to such Write Down Amount.
- (ii) If a Loss Absorption Event Notice has been given in respect of any Perpetual Capital Securities in accordance with this Condition 7(a), transfers of any such Perpetual Capital Securities that are the subject of such notice shall not be permitted during the Suspension Period. From the date on which a Loss Absorption Event Notice in respect of any Perpetual Capital Securities in accordance with this Condition 7(a) is issued by the Issuer to the end of the Suspension Period, the Trustee and the Registrar shall not register any attempted transfer of any Perpetual Capital Securities. As a result, such an attempted transfer will not be effective.
- (iii) Any reference in these Conditions to principal in respect of the Perpetual Capital Securities shall refer to the principal amount of the Perpetual Capital Security(ies), reduced by any applicable Write Down(s).
- Any Write Down of Perpetual Capital Securities is subject to the availability of procedures to effect the Write Down in the relevant clearing systems. For the avoidance of doubt, however, any Write Down of any Perpetual Capital Securities under this Condition 7 will be effective upon the date that the Issuer specifies in the Loss Absorption Event Notice (or as may otherwise be notified in writing to the Securityholders, the Trustee and Issuing and Paying Agent by the Issuer) notwithstanding any inability to operationally effect any such Write Down in the relevant clearing system(s).
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXSGXF73188736.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
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