Press release -

DBS Updates Global Medium Term Note Programme

SINGAPORE, 11 October 2011 - On 24 June 2010, DBS Bank Ltd. ("DBS") established a USD 10 billion Debt Issuance Programme for the issuance of senior debt securities with DBS acting as Arranger.

Today, DBS has updated the Programme as a  USD 15 billion Global Medium Term Note Programme (the "Programme"), pursuant to which DBS may issue senior or subordinated notes (the "Notes") to certain non-U.S investors outside the United States and to "qualified institutional buyers" as defined in Rule 144A of the U.S. Securities Act of 1933, as amended, inside the United States.

DBS, Bank of America Merrill Lynch, and Goldman Sachs (Singapore) Pte. are the Joint Arrangers for the Programme and have been appointed as Programme Dealers under the Programme.

Net proceeds from the issue of Notes under the Programme will be used for the general business purposes of DBS Group Holdings Ltd. and its consolidated subsidiaries.

Application has been made to the Singapore Exchange Securities Trading Limited (the "SGX-ST") for permission to deal in, and for quotation of, any Notes which are agreed at the time of issue thereof to be so listed on the SGX-ST. Such permission will be granted when such Notes have been admitted to the Official List of the SGX-ST. Admission of any Notes to the Official List of the SGX-ST and quotation of such Notes on the SGX-ST is not to be taken as an indication of the merits of DBS, the Programme or the Notes.


  • Finance, Stocks, Private savings


  • dbs bank
  • debt issuance programme