Thursday, March 31, 2011

United Overseas Bank rated 'buy' by DMG

Stock Name: UOB
Company Name: UNITED OVERSEAS BANK LTD
Research House: DMG

DMG & Partners Securities in a Mar 30 research report says: "UOB will issue $1 billion of 3.45% subordinated notes, which qualify as Lower Tier 2 capital. We estimate this will raise its proforma December 2010 total CAR of 19.8% by 0.9 ppt.

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