Subordinated Notes intended to qualify as Tier 2 Capital

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Issuer United Overseas Bank (Thai) Public Company Limited (UOBT)
Instrument Name Subordinated Notes intended to qualify as Tier 2 Capital of United Overseas Bank (Thai) Public Company Limited No. 1/2565 Due B.E. 2575 which will be required to be written down (fully or partially) when government authority decides to grant financial assistance to the issuer with right of early redemption (“Subordinated Notes”)
Issue Size Up to THB 8,000 million with up to THB 6,000 million Greenshoe Option, total issue size up to THB 14,000 million
Placement Type Place to institutional investors and/or high net-worth investors
Tenor 10 (ten) years
Early Redemption Condition Issuer has the right to redeem all Subordinated Notes any coupon payment date after 5 (five) years from the issue date without any consent from the Noteholders.
Issue Rating AA(tha) by Fitch Rating (Thailand) dated 22 April 2022
Coupon 4.07% p.a., payable quarterly basis
Subscription Date 27 May – 6 June 2022
Issue Date 7 June 2022
Minimum Subscribe Value A minimum subscribe value of THB 100,000 and , if more, in a multiple of THB 10,000 for Institutional investors, and in a multiple of THB 100,000 for High Net-worth Investors
Risk Level 7
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