# United Overseas Bank financial activities

> Live situation record from CLSTR: https://clstr.news/situations/united-overseas-bank-financial-activities
> Updated: 2026-09-11T06:14:58.000Z. Sources: 4. Developments: 2.

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.

## Timeline

### 2026-09-11: 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 sources. https://clstr.news/cluster/united-overseas-bank-forecasts-upside-bias-for-usdsgd

### 2026-08-28: 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.

2 sources. https://clstr.news/cluster/uob-issues-1-billion-euros-in-covered-bonds-in-europe

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Cite as: United Overseas Bank financial activities. CLSTR, https://clstr.news/situations/united-overseas-bank-financial-activities