DBS authorises US$10 billion debt issuance programme
One of Asia's biggest financial institutions has established a Debt Issuance Programme to issue senior debt securities (the “Notes”).
DBS Bank Ltd. (DBS) said the application has been issued to the Singapore Exchange Securities Trading Limited (SGX-ST) for permission to deal in, and for quotation of, to be listed on the SGX-ST.
“Such permission will be granted when such Notes have been admitted to the Official List of the SGX-ST,” the statement from DBS said Thursday.
DBS said the net proceeds from the issue of Notes under the Programme will be used for
the general business purposes of DBS and its consolidated subsidiaries.