UOB Makes Strong Return to GBP Covered Bond Market With GBP750m 3-year Issuance
UOB Makes Strong Return to GBP Covered Bond Market With GBP750m 3-year Issuance
SINGAPORE, Sept. 6, 2024 /PRNewswire/ -- UOB has priced GBP750 million in three-year covered bond due 2027. The covered bond was priced on Thursday (5 Sep) at the Sterling Overnight Index Average (SONIA) Rate plus 53 basis points. This is the largest orderbook for UOB in GBP covered bonds.
大華銀行定價GBP75000萬的三年期可贖回債券，到期日爲2027年。該可贖回債券於週四（9月5日）以日境英鎊隔夜利率（SONIA）加53個點子的利差報價。這是大華銀行在英鎊可贖回債券中的最大訂單簿。
UOB is the first non-UK bank to access the GBP covered bond market post summer, to take advantage of the strong demand for front-end covered bonds. The three-year covered bond appealed to investors in the current macro environment and saw robust investor demand from real money fund managers, insurance and bank treasuries.
大華銀行是夏季之後首家進入英鎊可贖回債券市場的非英國銀行，以利用前端可贖回債券的強勁需求。當前宏觀環境下，這款爲期三年的可贖回債券吸引了實體資金基金經理、保險公司和銀行財務的投資者，需求強勁。
Ms Koh Chin Chin, Head of Group Treasury, Research and Customer Advocacy, UOB, said, "We were glad to be back to engage the covered bond market, and heartened to see the continued strong reception towards UOB credit and the Singapore Covered Bond by global investors."
大華銀行集團資金、研究和客戶倡導部負責人柯靜靜表示：「我們很高興重新進入可贖回債券市場，並且看到全球投資者對大華信用和新加坡可贖回債券持續強勁的接納。」
Salient points about this offering
此融資方案的主要亮點
- Strong outcome with a rare GBP covered bond, allowing the Bank to tighten pricing and upsize the transaction
- Achieved tight pricing, a testament of UOB's robust credit quality. Priced 2bps inside of pre-summer supply from the region, in contrast to recent market re-opening trends with this week's UK supply re-opening with spreads 3bps wider than pre-summer
- Tightest ever priced 3-year GBP SONIA covered bond out of Singapore and joint tightest 3-year GBP SONIA covered bond in 2024 YTD
- 通過這次罕見的英鎊可贖回債券交易，取得了良好的結果，允許銀行壓縮定價並擴大交易規模。
- 提前夏季供應從地域板塊收益處於較低水平，相比最近市場重新開放的趨勢，本週英國供應的價格較夏季前低3個點子。
- 新加坡最緊密定價的三年期英鎊SONIA可贖回債券，以及2024年的英鎊SONIA三年期可贖回債券中最緊密定價的債券。
Distribution Statistics
分銷統計
- Final orderbook >1bn from 20 investors, with UK ~81%, Asia ~18% and Others ~1%
- Robust investor demand from Banks ~51%, Fund Managers ~31%, Central Banks/Official Institutions/Insurance ~11%, Others ~7%
- 20名投資者的最終訂單簿超過10億，英國約佔81%，亞洲約佔18%，其他地區約佔1%。
- 銀行的強勁投資者需求約佔51%，基金經理約佔31%，央行/官方機構/保險約佔11%，其他約佔7%。
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