UOB stock dips as United Overseas Bank prices S$850 million perpetual capital securities, sets Feb 24 results date
UOB shares fell 0.4% to S$36.37 after the bank priced S$850 million in perpetual capital securities at a 3.00% coupon, first callable in 2033. The lender repurchased and canceled 38,000 shares for S$1.38 million. UOB will release full-year results on Feb. 24. The Straits Times Index rose 0.2%.