Obligation United Global Bank Ltd 0.125% ( XS1571315917 ) en EUR

United Global Bank Ltd

100 % ⇌

Singapour

XS1571315917 ( en EUR )

0.125% par an ( paiement annuel )

01/03/2022 - Obligation échue

Prospectus brochure de l'obligation United Overseas Bank Ltd XS1571315917 en EUR 0.125%, échue

100 000 EUR

500 000 000 EUR

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 EUR, avec le code ISIN XS1571315917, paye un coupon de 0.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 01/03/2022

Pricing Supplement dated 22 February 2017
UNITED OVERSEAS BANK LIMITED
(incorporated with limited liability in the Republic of Singapore)
(Company Registration Number 193500026Z)
Issue of 500,000,000 0.125 per cent. Covered Bonds due 2022
unconditionally and irrevocably guaranteed as to payments of interest and principal by
Glacier Eighty Pte. Ltd.
(incorporated with limited liability in the Republic of Singapore)
(Company Registration Number 201531119W)
under the U.S.$8,000,000,000 Global Covered Bond Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth
in the Offering Circular dated 17 February 2017. This document constitutes the Pricing Supplement of
the Covered Bonds described herein and must be read in conjunction with the Offering Circular. Ful
information on the Issuer, the CBG and the offer of the Covered Bonds is only available on the basis of
the combination of this Pricing Supplement and the Offering Circular. The Of ering Circular has been
published on the SGX ST website.
Where interest, discount income, prepayment fee, redemption premium or break cost is derived from
any of the Covered Bonds 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
for qualifying debt securities (subject to certain conditions) under the Income Tax Act, Chapter 134 of
Singapore (the "Income Tax Act"), shal not apply if such person acquires such Covered Bonds using
the funds and profits of such person's operations through a permanent establishment in Singapore.
Any person whose interest, discount income, prepayment fee, redemption premium or break cost
derived from the Covered Bonds is not exempt from tax (including for the reasons described above)
shal include such income in a return of income made under the Income Tax Act.

1

(i)
Issuer:
United Overseas Bank Limited

(ii) Covered Bond Guarantor:
Glacier Eighty Pte. Ltd.

(iii) Calculation Agent:
Deutsche Bank AG, Hong Kong Branch
2

(i) Series Number:
2

(i ) Tranche Number:
1

(i i) Date on which the Covered Bonds
Not Applicable
become fungible:
3

Specified Currency or Currencies:
EUR//euro
4

Aggregate Nominal Amount:
EUR 500,000,000
5

Issue Price:
99.498 per cent. of the Aggregate Nominal
Amount

Pricing Supplement

6

(i)
Specified Denominations:
100,000 and integral multiples of 1,000 in
excess thereof

(ii) Calculation Amount:
1,000
7

(i)
Issue Date:
2 March 2017

(ii) Interest Commencement Date
Issue Date
8

(i)
Maturity Date:
2 March 2022

(ii) Extended Due for Payment Date of Applicable
Guaranteed
Amounts Interest Payment Date falling on or nearest to
corresponding
to
the
Final 2 March 2023
Redemption Amount under the
Covered Bond Guarantee:
9

Interest Basis:
For the period from the Issue Date up to but
excluding the Maturity Date:
0.125 per cent. Fixed Rate payable annually in
arrear (further particulars specified below)
(see paragraph 14 below)

For the period from and including the Maturity
Date up to but excluding the Extended Due for
Payment Date:
1 Month EURIBOR plus 0.340 per cent. per
annum payable monthly in arrear (further
particulars specified below)
(see paragraph 15 below)
10
Redemption/Payment Basis:
Subject to any purchase and cancellation or
early redemption, the Covered Bonds wil be
redeemed on the Maturity Date at 100 per
cent. of their nominal amount.
11
Change of Interest Basis:
Applicable, see paragraph 9 above
12
Put/Call Options:
Not Applicable
13
Covered Bond Swap:

(i)
Covered Bond Swap Provider:
United Overseas Bank Limited

(ii) Nature of Covered Bond Swap:
Forward Starting (i.e. entered into on the Issue
Date but no cashflows wil be exchanged
under such Covered Bond Swap unless and
until service of a Notice to Pay on the CBG
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14
Fixed Rate Covered Bond Provisions:
Applicable from and including the Issue Date
to but excluding the Maturity Date

Pricing Supplement

(i)
Rate of Interest:
0.125 per cent. per annum payable annually in
arrear on each Interest Payment Date

(ii) Interest Payment Date(s):
2 March in each year commencing on the
Interest Payment Date falling on 2 March 2018
and ending on the Maturity Date

(iii) Fixed Coupon Amount(s):
EUR1.25 per Calculation Amount

(iv) Broken Amount(s):
Not Applicable

(v) Day Count Fraction:
Actual/Actual (ICMA)

(vi) Determination Dates:
2 March in each year
15
Floating Rate Covered Bond Provisions
Applicable from and including the Maturity
Date to but excluding the Extended Due for
Payment Date

(i)
Interest Period(s):
The period beginning on and including the
Maturity Date and ending on but excluding the
first Specified Interest Payment Date and each
successive period beginning on and including
a Specified Interest Payment Date and ending
on but excluding the next succeeding Specified
Interest Payment Date, subject to adjustment
in accordance with the Business Day
Convention set out in (v) below

(ii) Specified Interest Payment Dates:
The 2nd calendar day of each month
commencing on but excluding the Maturity
Date and ending on the Extended Due for
Payment Date, subject to adjustment in
accordance with the Business Day Convention
set out in (v) below

(iii) Interest Period Date:
Specified Interest Payment Date

(iv) First Specified Interest Payment 2 April 2022
Date:

(v) Business Day Convention:
Modified Fol owing Business Day Convention

(vi) Business Centre(s):
London, Singapore, TARGET 2

(vii) Manner in which the Rate(s) of Screen Rate
Interest is/are to be determined:
Determination

(viii) Party responsible for calculating the Not Applicable
Rate(s) of Interest and/or Interest
Amount(s) (if not the Agent):

(ix) Screen Rate Determination:

Reference Rate:
1 month EURIBOR

Pricing Supplement

Interest Determination Date(s):
The day falling two TARGET Business Days
prior to the first day of the Interest Accrual
Period

Relevant Screen Page:
The display page designated EURIBOR01 on
Reuters at 11.00 a.m. (Brussels time) on the
Interest Determination Date

(x) ISDA Determination:
Not Applicable

(xi) Margin(s):
+0.340 per cent. per annum

(xii) Minimum Rate of Interest:
Not Applicable

(xiii) Maximum Rate of Interest:
Not Applicable

(xiv) Day Count Fraction:
Actual/360
PROVISIONS RELATING TO REDEMPTION
16
Call Option
Not Applicable

17
Put Option
Not Applicable

18
Final Redemption Amount of each
EUR1,000 per Calculation Amount
Covered Bond:
19
Early Redemption Amount:

Early Redemption Amount(s) per
EUR1,000 per Calculation Amount
Calculation Amount payable on
redemption for taxation reasons or on
event of default or other early
redemption:
20
Details relating to redemption by
Not Applicable
Instalments: amount of each instalment
("Instalment Amount"), date on which
each payment is to be made
("Instalment Date"):
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
21
Form of Covered Bonds:
Registered Covered Bonds:
Regulation S Global Covered Bond (EUR
500,000,000 nominal amount) registered in the
name of a nominee for a common depositary
for Euroclear and Clearstream, Luxembourg
22
Financial Centre(s):
London, Singapore, TARGET 2
23
Talons for future Coupons to be
Not Applicable
attached to Definitive Covered Bonds
(and dates on which such Talons
mature):

Pricing Supplement

PART B OTHER INFORMATION
24 LISTING AND ADMISSION TO TRADING

(i)
Admission to trading:
Application is expected to be made by the
Issuer (or on its behalf) for the Covered Bonds
to be admitted to trading on SGX-ST with
effect from one business day after issuance.

25 RATINGS

Ratings:
The Covered Bonds to be issued are expected
to be rated:

S&P: AAA

Moody's: Aaa

26 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save for any fees payable to the Managers, so far as the Issuer is aware, no person
involved in the offer of the Covered Bonds has an interest material to the offer. The
Managers and their affiliates have engaged, and may in the future engage, in investment
banking and/or commercial banking transactions with, and may perform other services for,
the Issuer and the CBG and their affiliates in the ordinary course of business.
27 Fixed Rate Covered Bonds only YIELD

Indication of yield:
0.226 per cent.

The yield is calculated at the Issue Date on the
basis of the Issue Price. It is not an indication
of future yield.
28 OPERATIONAL INFORMATION

ISIN:
XS1571315917

Common Code:
157131591

CMU Instrument Number:
Not Applicable

Any clearing system(s) other than
Not Applicable
Euroclear Bank SA/NV, Clearstream
Banking, S.A., the CMU and CDP and
the relevant identification number(s):

Delivery:
Delivery against payment

Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):

29 DISTRIBUTION

(i)
Method of distribution:
Syndicated

6

(ii) If syndicated:

(A) Names of Managers:
BNP PARIBAS
Deutsche Bank AG, Frankfurt
DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main
HSBC France
UBS Limited
United Overseas Bank Limited

(B) Co-Manager
Norddeutsche Landesbank Girozentrale -

(C) Stabilisation Manager(s) (if
HSBC France
any):

(iii) If non-syndicated, name of Dealer:
Not Applicable

(iv) US Selling Restrictions:
Reg. S Compliance Category 2;
TEFRA not applicable

7