Global law firm Clifford Chance has advised United Overseas Bank Limited (UOB) as arranger on the establishment of Baiduri Bank’s US$2 billion Euro Medium Term Note (EMTN) Programme and as dealer on the inaugural issuance under the programme of S$280 million 2.95% notes due 2029.
Baiduri Bank is one of the largest providers of financial products and services in Brunei Darussalam. The issuance marks the bank’s debut in the international debt capital markets and the first offshore bond issuance by a Bruneian financial institution. The notes are rated A- by S&P Global Ratings and are listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
Partner Gareth Deiner led the Clifford Chance team, which includes counsel Claire Neo, associate Adam Fong and trainee solicitor Poh Yu Jun.
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