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United Overseas Bank — news, coverage & facts — IJR

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United Overseas Bank

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United Overseas Bank

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Photo: No machine-readable author provided. Terence assumed (based on copyright claims) / Wikimedia Commons (CC BY 2.5)
Finance
Valeura Secures USD 325 Million Credit Facility
Valeura Energy has announced a revolving and expandable credit facility of up to US$75 million, with an accordion option to US$325 million, backed by a syndicate including ICBC Standard Bank, Macquarie, Trafigura, and UOB, aimed at funding value-enhancing acquisitions. With roughly US$320 million cash on hand, total liquidity would reach about US$645 million, and the three-year facility carries a 4% margin over SOFR on drawn amounts and no mandatory repayments in the first two years, subject to lender conditions.
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Overview

United Overseas Bank Limited, often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries. It is one of the three "big local banks" in the country, the other two being DBS Bank and Oversea-Chinese Banking Corporation (OCBC).

United Overseas Bank Limited, often known as UOB, is a Singaporean regional bank headquartered at Raffles Place, Singapore, with branches mostly found in Southeast Asia countries. It is one of the three "big local banks" in the country, the other two being DBS Bank and Oversea-Chinese Banking Corporation (OCBC).

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