53 stories mentioning SGX:U11Updated 4d ago
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United Overseas Bank (SGX:U11) filed for the listing of 500 million euros 3.342% covered bonds due 2031 on the Singapore bourse, according to a filing with the Singapore Exchange on Wednesday.The bonds will be listed and quoted on the Bonds Market on Sept. 10, the filing said.
United Overseas Bank (SGX:U11) filed for the listing of 1 billion euros in bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bank filed for the listing of 500 million euros 3.342% covered bonds due 2031 and 500 million euros 3.118% covered bonds due 2028.The bonds will be listed and quoted on the Bonds Market on Sept. 9, the filing said.
United Overseas Bank (SGX:U11) has priced a 1 billion-euro dual-tranche fixed-rate covered bond offering under its $15 billion global covered bond program, according to filings with the Singapore bourse on Thursday.The lender priced 500 million euros of 3.118% covered bonds due in 2028 and 500 million euros of 3.342% covered bonds due in 2031.The bonds will be guaranteed by Glacier Equity and are expected to be rated Aaa by Moody's and AAA by S&P.They are expected to be issued on Sept. 8, the filing said.
United Overseas Bank (SGX:U11) filed for the listing of 1 billion pounds sterling of floating rate covered bonds due 2030 on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The bonds will be listed and quoted on the Bonds Market on Aug. 26, the filing said.
The claims awarded to United Overseas Bank (SGX:U11) in a case against developer Lippo Marina Collection have been increased to SG$76.1 million from SG$17.7 million by the Appellate Division of Singapore's High Court, according to a judgment passed on Monday.The lender had accused Lippo Marina Collection of fraudulently inflating the prices of its condominium units, which led to UOB disbursing higher housing loans.In the initial judgment, the court deducted S$37.2 million in damages and rental income; however, the Appellate Division in its ruling said the deduction should not have been made. Therefore, after excluding the SG$1.3 million relating to the restructured loan, SG$35.9 million was added to the damages.The court also added interest of SG$22.5 million to the damages to be awarded to UOB.
DayOne Data Centers is in discussions with a consortium of banks to obtain a five-year facility worth HK$1.86 billion, Bloomberg reported citing people familiar with the matter.The company aims to use proceeds for refinancing and capital expansion for its data center in Hong Kong, according to the people.The consortium includes DBS Group (SGX:D05), Oversea-Chinese Banking Corp. or OCBC (SGX:O39), and United Overseas Bank (SGX:U11), Bloomberg said.The move comes ahead of the company's IPO in the US.DayOne Data Centers did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
CapitaLand Investment (SGX:9CI) and IOI Properties (KLSE:IOIPG) are close to jointly acquiring the landmark One Raffles Place office complex in Singapore, Bloomberg News reported Thursday, citing people familiar with the matter.The transaction, valued at roughly SG$2.4 billion, would see the two firms partner to purchase the twin-tower development, which includes retail space, the report said.OUE REIT (SGX:TS0U) controls an 81.54% stake in the asset, while UOB (SGX:U11) holds the remaining 18.46%, according to the report.CapitaLand declined to comment. IOI, OUE REIT, and UOB did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
CapitaLand Investment (SGX:9CI) and IOI Properties (KLSE:IOIPG) are close to jointly acquiring the landmark One Raffles Place office complex in Singapore, Bloomberg News reported Thursday, citing people familiar with the matter.The transaction, valued at roughly SG$2.4 billion, would see the two firms partner to purchase the twin-tower development, which includes retail space, the report said.OUE REIT (SGX:TS0U) controls an 81.54% stake in the asset, while UOB (SGX:U11) holds the remaining 18.46%, according to the report.CapitaLand, IOI, OUE REIT, and UOB did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
United Overseas Bank (SGX:U11) plans to issue 1 billion pounds in floating-rate covered bonds due in February 2030, according to a Wednesday regulatory filing with the Singapore Exchange.The bonds will be issued as the 17th series under the bank's $15 billion global covered bond program.The notes will carry a coupon rate based on the compounded daily Sterling Overnight Index Average (SONIA) rate, plus a margin of 0.49% per annum, with interest payable quarterly in arrears.Interest payments and the principal amount will be guaranteed by Glacier Eighty, a special-purpose vehicle. This financial guarantee is secured by a cover pool portfolio consisting of loans purchased by Glacier Eighty from UOB, alongside other assets held by the company.UOB's shares were down 1% in recent trade.
United Overseas Bank or UOB (SGX:U11) has appointed Tan Choon Hin as the head of ASEAN and Greater China, effective Sept. 1, according to a company statement on Tuesday.The newly established role for Tan involves managing UOB's regional business, which includes its fully-owned subsidiaries in Malaysia, Indonesia, Thailand, Vietnam, and mainland China, as well as its Hong Kong SAR and Taiwan branches.Hin will directly report to UOB's chief executive, Wee Ee Cheong, the report added.
DayOne has secured a four-year SG$530 million green loan from DBS (SGX:D05), Oversea-Chinese Banking Corp. or OCBC (SGX:O39) and UOB (SGX:U11) to support the development of its first data center in Singapore, according to a company release on Tuesday.The loan will fund a 20-megawatt data center, which broke ground in July 2025, and is expected to become operational by the first quarter of 2027.The three banks acted as joint mandated lead arrangers, bookrunners and green loan coordinators of the facility.
Keppel REIT (SGX:K71U) has raised SG$200 million through the issuance of 2.60% notes due in 2033 by Keppel REIT MTN, a wholly owned subsidiary of the company's trustee, HSBC Institutional Trust Services, according to a Monday filing to the Singapore Exchange.The notes were issued under the real estate company's SG$2 billion multicurrency debt issuance program.United Overseas Bank (SGX:U11) was the sole lead manager and bookrunner for the offering of the Series 011 bonds.
Avary Holding Shenzhen's (SHE:002938) board approved a series of new and renewed credit facility applications for its subsidiaries, according to a Wednesday filing on the Shenzhen bourse.The Chinese printed circuit board manufacturer will apply for a new credit facility worth 2.40 billion yuan at the Shenzhenbranch of China Merchants Bank (SHA:600036, HKG:3968) through its subsidiary Qingding Precision Electronics.Another subsidiary, Peng Shen Technology (Thailand), will renew its $60 million and $110 million credit with Standard Chartered (HKG:2888) and Bank of America, respectively.Peng Shen will also expand its credit line with United Overseas Bank (SGX:U11) by an additional $100 million.Avary's shares jumped 5% during morning trade on Wednesday.
United Overseas Bank (SGX:U11) has an average rating of hold and mean price target of SG$44, according to analysts polled by FactSet.
United Overseas Bank (SGX:U11) has increased the size of its US commercial bonds program limit to $25 billion, according to a Saturday filing with the Singapore Exchange.The bank initially set the limit at $15 billion, and the program was established on Jan. 18, 2013, with the target of raising proceeds for general business purposes.
Singapore shares opened higher on Friday, lifted by local heavyweight earnings as investors moved past the crisis in the Middle East.The Straits Times Index opened 0.27%, or 15.13 points higher, at 5,654.120.While major banks like United Overseas Bank (SGX:U11) and Oversea-Chinese Banking Corp (SGX:O39) posted gains in profit, the Singapore Exchange (SGX:S68) also recorded a jump in its attributable profit to SG$698.4 million from SG$648 million.Investors will also be keenly eyeing U.S. nonfarm payrolls report later on Friday for cues on the Federal Reserve's interest rate outlook.
United Overseas Bank (SGX:U11) reported a 10% year-over-year increase in second-quarter net profit, boosted by record wealth management fees that offset softer loan-related fees from capital market activities.Net profit climbed to SG$1.48 billion from SG$1.34 billion a year earlier, the Singaporean lender said in bourse filings on Friday.Net interest income fell 2% year over year to SG$2.3 billion as net interest margin narrowed 8 basis points from the previous quarter to 1.74% due to lower asset yields.Net fee income rose 5% to SG$665 million as wealth management fees rose to a record high, with clients converting more deposits into invested assets. In the first half, high-net-worth assets under management expanded 7% to SG$204 billion.Attributable net profit in the first half rose 3% year over year to SG$2.92 billion, with earnings per share growing to SG$3.45 from SG$3.32.Net interest income in the first half edged down 3% to SG$4.62 billion, while net fee income slipped 2% to SG$1.3 billion.Credit costs stayed within guidance at 28 basis points for the second quarter, with total allowances of SG$211 million, up 4%, reflecting the downgrade of a closely monitored real estate account in Greater China, UOB said.The lender's non-performing loan ratio stood at 1.6% at the end of June, up from 1.5% from the previous quarter.The board declared an interim dividend of SG$0.88 per share for the first half, up from SG$0.85 a year earlier. The dividend is payable on Aug. 28."Our results reflect the resilience of our diversified franchise, and the momentum building across our key ASEAN markets. Wealth management reached new highs, while transaction banking benefited from healthy customer activity across the region," said UOB Deputy Chairman and CEO Wee Ee Cheong.
United Overseas Bank's (SGX:U11) net profit rose 3% to SG$2.92 billion in the six months ended June 30 from SG$2.83 billion a year ago, according to a Friday filing with the Singapore Exchange.Earnings per share increased to SG$3.45 from SG$3.32 in the year-ago period.Net interest income in the first half fell 3% to SG$4.62 billion from SG$4.75 billion a year earlier.UOB declared an interim dividend of SG$0.88 per ordinary share for the period, up from SG$0.85 a year earlier, to be paid on Aug. 28.
Singapore shares plunged further on Wednesday, despite mediators continuing their efforts to ramp up a peace deal between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,568.48 and 5,614.84 throughout the day. It ended the session at 5,581.37, down 30.88 points or 0.6% compared to Tuesday's close.In economic news, Singapore's total retail sales rose 4% year-over-year to SG$4.2 billion in June, following a 2.9% increase in the prior month, according to data from the Statistics Department.On the corporate front, shares of CapitaLand China Trust (SGX:AU8U) were up over 2% at the close as its distribution per unit after amount retained fell by 1.6% in the first half of 2026 to SG$0.0245 from SG$0.0249 a year earlier.Keppel Infrastructure Trust (SGX:A7RU) closed nearly 1% lower as it committed 34 million euros to acquire a 45% stake in a second German solar portfolio from Enpal via a special purpose vehicle.Meanwhile, United Overseas Bank (SGX:U11) signed a share purchase agreement with Allianz Global Investors for the sale of all its shares in UOB Asset Management for SG$555 million.
United Overseas Bank (SGX:U11) has signed a share purchase agreement with Allianz Global Investors for the sale of all its shares in UOB Asset Management for SG$555 million, according to a Wednesday filing with the Singapore Exchange.The transaction covers the unit's asset management business across eight Asian markets.The banking group has also signed a 10-year regional agreement with Allianz Global Investors Singapore for a strategic partnership on the distribution of unit trusts, mutual funds and other investment products.The sale is part of the company's efforts to execute its strategic priorities and seek value from its asset management business.The transaction is expected to conclude in 2027, the filing said.
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