UOB Prices SONIA sterling covered bond offering

UOB today became the first issuer in Singapore to price a Sterling Overnight Interest Rate Average (SONIA) benchmark covered bond offering. Issued under its US$8 billion Global Covered Bond Programme, UOB’s new issuance of £850 million floating rate covered bonds due 2026 will use the Compounded Daily SONIA as its interest basis. The new issuance […]