1) What is a Covered Bond? 2) Details of UOB’s 7-Year EUR Covered Bond 3) Why would an investor buy into this negative yielding bond 4) Full List of Covered Bonds issued by DBS, OCBC and UOB Two days ago, UOB issued a EUR-denominated covered bond with a -0.21% yield-to-maturity. Many might be wondering why would any investor want to invest in a bond with a negative yield. We explain why… We were delighted to see our thoughts being quoted by The Business Times (the full news article may be retrieved via this page, if the text in the below images are too small). Source: The Business Times, published 26 November 2020. A covered bond is a corporate bond which is secured against a collateral pool (usually comprising of mortgages or loans). These mortgages and loans are considered assets, as they represent future...