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Published on 8/1/2013 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Singapore's United Overseas Bank to redeem 5.05% preferreds Sept. 16

By Marisa Wong

Madison, Wis., Aug. 1 - United Overseas Bank Ltd. said it will redeem its S$1.32 billion 5.05% class E non-cumulative non-convertible preference shares on Sept. 16.

Holders of the preferreds will receive a redemption amount equal to S$100 per share plus a final dividend of S$2.56 per share.

The retail bank is based in Singapore.


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