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Clifford Chance says it advised UOB on Baiduri Bank’s note program and debut issue
Clifford Chance said it advised UOB as arranger of Baiduri Bank’s US$2 billion Euro Medium Term Note program and dealer on its debut issuance. The firm described the transaction as the first offshore bond issuance by a Bruneian financial institution and said the notes were listed in Singapore.
Key points
- Clifford Chance said the issuance totaled S$280 million.Clifford Chance
- The firm said the notes carried a 2.95% coupon and matured in 2029.Clifford Chance
- Clifford Chance said S&P rated the notes A-.Clifford Chance
- The firm identified Gareth Deiner, Claire Neo, Adam Fong and Poh Yu Jun as its team.Clifford Chance