United Overseas Bank Ltd. (U11.SG) has launched a US$500 million five-year dollar bond to yield 144 basis points over comparable Treasurys, a person familiar with the matter said Wednesday.

That's tighter than initial guidance, which indicated a yield of around 150 basis points over Treasurys.

ANZ, Credit Suisse, Nomura, and UOB are joint bookrunners on the Reg S senior offering, which is rated Aa1 by Moody's Investors Service and AA-minus by Fitch Ratings and Standard & Poor's Ratings Services.

-By Natasha Brereton-Fukui, Dow Jones Newswires; +65-6415-4044; natasha.brereton-fukui@dowjones.com

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