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2 clusters · 4 sources · 15 days · First seen · Last updated

United Overseas Bank financial activities

Overview

United Overseas Bank (UOB) has engaged in several significant financial activities. In late August, the Singapore-based institution issued 1 billion euros in dual-tranche covered bonds on the European capital market, which saw an oversubscription of more than four times the offering amount.

During this period, UOB also achieved a milestone in digital transformation by becoming the first Singapore-headquartered bank to complete live transactions using tokenized deposits on the Swift blockchain ledger, in cooperation with HSBC.

By mid-September, UOB strategists provided market analysis regarding the USD/SGD currency pair, noting a strong rebound and forecasting an upside bias for the pair, provided it maintains levels above 1.2640.

Entities

Bank of Montreal · HSBC · UOB · Quek Ser Leang · Commerzbank

Timeline

  1. 1 day ago

    [BUSINESS] 2 sources
    United Overseas Bank forecasts upside bias for USD/SGD

    UOB strategists anticipate an upside bias for USD/SGD over the next one to three weeks, though resistance at 1.2705 is expected to limit gains.

  2. 15 days ago

    [BUSINESS] 2 sources
    UOB issues 1 billion euros in covered bonds in Europe

    Singapore's UOB has issued 1 billion euros in dual-tranche covered bonds in Europe, seeing over four times oversubscription, while also completing its first tokenized deposit transactions via Swift blockchain.

Sources

ad-hoc-news.de · bitcoinethereumnews.com · finanznachrichten.de · smestreet.in