Mon, March 17, 2025
Sun, March 16, 2025
Sat, March 15, 2025
Fri, March 14, 2025
Thu, March 13, 2025
Wed, March 12, 2025
Tue, March 11, 2025

Singapores DB Sraises 2billionthrough U Sdollarbondstermsheetshows

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. billionthrough-u-sdollarbondstermsheetshows.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  DBS Group , Southeast Asia's biggest bank, has raised $2 billion through a multi-tranche U.S. dollar senior bond issuance for general business purposes and to finance treasury activities, according to a term sheet seen by Reuters on Friday.

DBS Group Holdings Ltd., Singapore's largest bank, successfully raised $2 billion through the issuance of U.S. dollar bonds, as detailed in a term sheet. The bonds were split into two tranches: a $1 billion 5-year bond due in 2029 with a coupon rate of 5.479%, and another $1 billion 10-year bond due in 2034 with a coupon rate of 5.339%. These bonds were issued under DBS's $30 billion Global Medium Term Note Programme and were priced at a spread of 115 basis points over the 5-year U.S. Treasuries for the shorter-term bond and 135 basis points over the 10-year U.S. Treasuries for the longer-term bond. The issuance reflects DBS's strategy to diversify its funding sources and manage its interest rate risk amidst a backdrop of global economic uncertainty.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/singapore-s-dbs-raises-2-billion-through-us-dollar-bonds-term-sheet-shows/ar-AA1ATsF5 ]


Similar Business and Finance Publications