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.
大华银行定价GBP75000万的三年期可赎回债券，到期日为2027年。该可赎回债券于周四（9月5日）以日境英镑隔夜利率（SONIA）加53个基点的利差报价。这是大华银行在英镑可赎回债券中的最大订单簿。
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.
大华银行是夏季之后首家进入英镑可赎回债券市场的非英国银行，以利用前端可赎回债券的强劲需求。当前宏观环境下，这款为期三年的可赎回债券吸引了实体资金基金经理、保险公司和银行财务的投资者，需求强劲。
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."
大华银行集团资金、研究和客户倡导部负责人柯静静表示：“我们很高兴重新进入可赎回债券市场，并且看到全球投资者对大华信用和新加坡可赎回债券持续强劲的接纳。”
Salient points about this offering
此融资方案的主要亮点
- 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
- 通过这次罕见的英镑可赎回债券交易，取得了良好的结果，允许银行压缩定价并扩大交易规模。
- 提前夏季供应从地域板块收益处于较低水平，相比最近市场重新开放的趋势，本周英国供应的价格较夏季前低3个基点。
- 新加坡最紧密定价的三年期英镑SONIA可赎回债券，以及2024年的英镑SONIA三年期可赎回债券中最紧密定价的债券。
Distribution Statistics
分销统计
- 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名投资者的最终订单簿超过10亿，英国约占81%，亚洲约占18%，其他地区约占1%。
- 银行的强劲投资者需求约占51%，基金经理约占31%，央行/官方机构/保险约占11%，其他约占7%。
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