Obligation United Global Bank Ltd 3.5% ( XS1379133058 ) en USD

United Global Bank Ltd

100 % ▼

Singapour

XS1379133058 ( en USD )

3.5% par an ( paiement semestriel )

15/09/2026

Prospectus brochure de l'obligation United Overseas Bank Ltd XS1379133058 en USD 3.5%, échéance 15/09/2026

200 000 USD

700 000 000 USD

16/09/2026 ( Dans 165 jours )

United Overseas Bank Ltd (UOB) est une banque multinationale basée à Singapour, offrant une large gamme de services bancaires aux particuliers, entreprises et institutions dans l'Asie-Pacifique, ainsi qu'à l'échelle mondiale.

L'Obligation émise par United Global Bank Ltd ( Singapour ) , en USD, avec le code ISIN XS1379133058, paye un coupon de 3.5% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/09/2026

Pricing Supplement dated 9 March 2016
UNITED OVERSEAS BANK LIMITED
(incorporated with limited liability in the Republic of Singapore)
(Company Registration Number 193500026Z)
acting through its registered office in Singapore
Issue of U.S.$500,000,000 3.50 per cent. Subordinated Notes due 2026 (the "Notes")
under the S$15,000,000,000 Euro Medium Term Note Programme
This document constitutes the Pricing Supplement relating to the issue of Notes described
herein.
Terms used herein shall be deemed to be defined as such for the purposes of the
Conditions set forth in the Information Memorandum dated 19 February 2016 (the "Conditions").
This Pricing Supplement contains the final terms of the Notes and must be read in conjunction
with such Information Memorandum.
Where interest, discount income (not including discount income arising from secondary
trading), prepayment fee, redemption premium or break cost is derived from any Notes by any
person who is not resident in Singapore and who carries on any operations in Singapore through
a permanent establishment in Singapore, the tax exemption available (subject to certain
conditions) under the Income Tax Act, Chapter 134 of Singapore (the "ITA"), shall not apply if
such person acquires such Notes using the funds and profits of such person's operations through
a permanent establishment in Singapore. Any person whose interest, discount income (not
including discount income arising from secondary trading), prepayment fees, redemption
premium or break cost derived from the Notes is not exempt from tax (including for the reasons
described above) shall include such income in a return of income made under the ITA.

1
(i) Issuer:
United Overseas Bank Limited, acting through its
registered office in Singapore
2
(i) Series
Number:
23
(ii)
Tranche
Number:
1

3
Specified Currency or Currencies:
U.S. dollars ("U.S.$")
4
Aggregate Nominal Amount:

(i) Series:
U.S.$500,000,000
(ii)
Tranche:
U.S.$500,000,000
5
Issue Price:
99.574 per cent. of the Aggregate Nominal

Amount
6
(i) Specified
Denominations:
U.S.$200,000 and integral multiples of U.S.$1,000
in excess thereof
(ii)
Calculation
Amount
U.S.$1,000
7
(i) Issue
Date:
16 March 2016

(ii) Interest Commencement Date
Issue Date
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1

(iii) First Call Date:
16 September 2021
8
Maturity Date:
16 September 2026
9
Interest Basis:
3.50 per cent. Fixed Rate, subject to a reset in
accordance with paragraph 16(vii) below
(further particulars specified below)
10 Redemption/Payment Basis:
Redemption at par
11 Change of Interest or
Applicable
Redemption/Payment Basis
12 Put/Call Options:
Issuer Call
(further particulars specified below)
13 Status of the Notes:
Subordinated
14 Listing:
SGX-ST
15 Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16 Fixed Rate Note Provisions:
Applicable
(i)
Rate
of
Interest:
3.50 per cent. per annum payable semi-annually
in arrear, subject to a reset in accordance with
paragraph 16(vii) below
(ii)
Interest
Payment
Date(s):
16 March and 16 September in each year
(iii)
Fixed
Coupon
Amount:
Not Applicable
(iv)
Broken
Amount(s):
Not Applicable
(v)
Day
Count
Fraction:
30/360
(vi)
Determination
Dates:
Not Applicable

(vii) Other terms relating to the
The Rate of Interest payable on the Notes from
method of calculating interest for
(and including) the First Call Date (as specified in
Fixed Rate Notes:
paragraph 7(iii)) to (but excluding) the Maturity
Date shall be reset to a fixed rate per annum
(expressed as a percentage) equal to the then-
prevailing U.S. Dollar 5-year Mid Swap Rate plus
the Initial Spread.
"Bloomberg Screen IRSB 18 Page" means the
display on the Bloomberg (or any successor
service) page designated as "IRSB 18" or any
other page that may replace the applicable page
on that service for the purpose of displaying rates
comparable to U.S. Dollar mid-swap rates.
"Initial Spread" means (a) 3.586 per cent. per
annum (being the yield on the Notes at the date of
this Pricing Supplement) minus (b) 1.350 per cent.
For information purposes only, (b) is the five and a
half year mid-swap rate in per cent. per annum
equal to the linear interpolation of the U.S. Dollar
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mid-swap rates with a maturity of five years and
six years as was displayed on Bloomberg Screen
IRSB 18 Page as of 9.35 p.m. (Singapore time) on
9 March 2016.
"U.S. Dollar 5-year Mid Swap Rate" means USD-
ISDAFIX3-Swap Rate, as defined in 2006
Definitions as published by the International Swap
and Derivatives Association, Inc. where:
(a) "Designated Maturity" means 5 years; and
(b) "Reset Date" means the First Call Date.
17 Floating Rate Note Provisions:
Not Applicable
18 Zero Coupon Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
19 Call Option:
Applicable

(i) Optional Redemption Date:
The First Call Date only (paragraph (ii) of
Condition 5(d)(ii) shall not apply to the Notes)

(ii) Optional Redemption Amount of
U.S.$1,000 per Calculation Amount
each Note and method, if any, of
calculation of such amount(s):

20 Put Option:
Not Applicable
21 Variation instead of Redemption
Applicable
(Condition 5(g)):
22 Final Redemption Amount of each
U.S.$1,000 per Calculation Amount
Note:
23 Early Redemption Amount

Early Redemption Amount(s) per
U.S.$1,000 per Calculation Amount
Calculation Amount payable on
redemption for taxation reasons or on
event of default/due to a Tax Law
change/Change of Qualification Event
and/or the method of calculating the
same (if required or if different from
that set out in the Conditions):

PROVISIONS RELATING TO LOSS ABSORPTION
24 Loss Absorption Measure: Write
Applicable
Down on a Loss Absorption Event

(Condition 6(a))

GENERAL PROVISIONS APPLICABLE TO THE NOTES
25 Form of Notes:
Registered Notes
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3

26 Financial Centre(s) or other special
New York City, London and Singapore
provisions relating to Payment Dates:
27 Talons for future Coupons or Receipts No
to be attached to Definitive Notes
(and dates on which such Talons
mature):
28 Details relating to Partly-Paid Notes:
Not Applicable
amount of each payment comprising
the Issue Price and date on which
each payment is to be made and
consequences (if any) of failure to
pay, including any right of the Issuer
to forfeit the Notes and interest due
on late payment:
29 Details relating to Instalment Notes:
Not Applicable
amount of each instalment
("Instalment Amount"), date on
which each payment is to be made
("Instalment Date"):
30 Other terms or special conditions:
Not Applicable
DISTRIBUTION
31 (i) If syndicated, names of
Australia and New Zealand Banking Group
Managers:
Limited
Citigroup Global Markets Singapore Pte. Ltd.
Credit Suisse (Singapore) Limited
The Hongkong and Shanghai Banking
Corporation Limited
United Overseas Bank Limited

(ii) Stabilising Manager (if any):
The Hongkong and Shanghai Banking
Corporation Limited
32 If non-syndicated, name of Dealer:
Not Applicable
33 Additional selling restrictions:
Singapore:
The Notes shall not be offered or sold, or be made
the subject of an invitation for subscription or
purchase, to the Issuer or any of its banking group
entities or associates (each as defined in MAS
Notice 637), unless with the prior approval of
MAS.
OPERATIONAL INFORMATION

34 ISIN Code:
XS1379133058
35 Common Code:
137913305
36 CMU Instrument Number:
Not Applicable
37 Any clearing system(s) other than The Not Applicable
Central Depository (Pte) Limited, The
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Central Moneymarkets Unit Service,
Euroclear Bank SA/NV, Clearstream
Banking S.A. and the Austraclear
System and the relevant identification
number(s):
38 Delivery:
Delivery against payment
39 Additional Paying Agent(s) (if any):
Not Applicable

GENERAL
40 Governing Law:
English Law save that the provisions relating to
Subordinated Notes in Conditions 3(b), 3(c), 3(d),
6, 10(b)(ii) and 10(b)(iii) shall be governed by, and
construed in accordance with, the laws of
Singapore

PURPOSE OF PRICING SUPPLEMENT
This Pricing Supplement comprises the final terms required for issue and admission to trading on the
Singapore Exchange Securities Trading Limited of the Notes described herein pursuant to the
S$15,000,000,000 Euro Medium Term Note Programme of United Overseas Bank Limited
INVESTMENT CONSIDERATIONS
There are significant risks associated with the Notes. Prospective investors should have regard to the
factors described under the section headed "Investment Considerations" in the Information
Memorandum before purchasing any Notes. Before entering into any transaction, prospective
investors should ensure that they fully understand the potential risks and rewards of that transaction
and independently determine that the transaction is appropriate given their objectives, experience,
financial and operational resources and other relevant circumstances. Prospective investors should
consider consulting with such advisers as they deem necessary to assist them in making these
determinations.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.
A31435564
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Document Outline

#1">Bolt_Pricing Supplement
#6">56548390_1_Bolt - Pricing Supplement (SIG PAGE)