UOB Malaysia fully redeems RM1 bil Tier-2 Subordinated Bonds

Published on 08 May 2020.

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RAM Ratings has received confirmation that United Overseas Bank (Malaysia) Bhd (UOB Malaysia) had fully redeemed its RM1 bil Tier-2 Subordinated Bonds (2015/2025) and subsequently cancelled the facility on 8 May 2020. Consequently, we have withdrawn the AA1/Stable rating of the Bonds and no longer have any rating obligation in respect of the facility.

We will, however, maintain surveillance of UOB Malaysia’s AAA/Stable/P1 financial institution ratings as well as the ratings of the following debt programme:

Table 1: UOB Malaysia’s issue ratings



RM8 bil Medium Term Notes Programme (2018/2118)

  • Senior Notes
  • Tier-2 Subordinated Notes



AA1/ Stable


Analytical contact
Chow Kah Mun
(603) 3385 2501

Media contact
Padthma Subbiah
(603) 3385 2577


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Published by RAM Rating Services Berhad
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Ratings on United Overseas Bank (Malaysia) Bhd