UOB follows DBS with bank capital encore

Singapore's banks showed the international bond markets that two's company on Wednesday after UOB jumped into DBS's slipstream, surprising the market with a new bank capital deal of its own. 

UOB's arrival took some of the shine off DBS's inaugural dollar-denominated Additional Tier 1 AT1 deal.

This opened for trading on Wednesday up almost one point, before hitting a wall of selling, which took it back down to a quarter point increase by the end of Asia's trading day.

Nevertheless, UOB was able to build a peak order book of $5 billion for its new Tier...