DBS raises tier two capital with rare 144A visit

By Addison Gong
05 Jun 2018

DBS Group Holdings gave US investors the opportunity to lay their hands on a rare Singaporean bank tier two bond in the 144A format this week, raising $750m despite a crowded primary market.

The trade marked the end of DBS’s long absence from the dollar tier two market. The Aa2/—/AA- rated Singaporean lender is a rare visitor to the US market, even in senior format. But this time it decided to reach out to US accounts with the new bank capital ...

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