Published on 9/8/2021 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Singapore’s DBS Group sells $800 million 1.194% notes due 2027
Chicago, Sept. 8 – DBS Group Holdings Ltd. sold an $800 million offering of 1.194% notes due March 15, 2027 at a spread of Treasuries plus 37 basis points on Tuesday, according to a market source.
The notes had been talked in the Treasuries plus 65 bps area.
BofA Securities, Inc., Barclays, HSBC Securities (USA) Inc., ING Financial Markets LLC and TD Securities (USA) LLC are listed as bookrunners.
The financial services group is based in Singapore.
| Issuer: | DBS Group Holdings Ltd.
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| Issue: | Notes
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| Amount: | $800 million
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| Maturity: | March 15, 2027
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| Bookrunners: | BofA Securities, Inc., Barclays, HSBC Securities (USA) Inc., ING Financial Markets LLC and TD Securities (USA) LLC
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| Coupon: | 1.194%
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| Spread: | Treasuries plus 37 bps
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| Trade date: | Sept. 7
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| Price talk: | Treasuries plus 65 bps area
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