SINGAPORE, Feb 21 (IFR) - Singapore's United Overseas Bank
has hired banks to lead a proposed euro benchmark
five-year and/or US dollar benchmark three-year Reg S covered
Deutsche Bank, DZ Bank, HSBC, UBS and UOB are managing the
deal, which will launch in the near future, subject to market
The bonds are expected to be rated Aaa/AAA (Moody's/S&P).
UOB made its covered bond debut last March, when it sold a
500 million euro ($529 million) five-year issue.
(Reporting by Daniel Stanton; Editing by Vincent Baby)