Issuers storm market despite weak backdrop

By Addison Gong
06 Sep 2018

A number of bond issuers ventured out to the debt market on Wednesday, braving a weak market backdrop to pull off deals not just in US dollars, but also in Singapore dollars and offshore renminbi.

Aa2/—/AA- rated DBS Group Holdings ended a five year hiatus from the Singapore dollar-denominated additional tier one (AT1) market, pricing a S$1bn perpetual non-call seven year bond at 3.98%. DBS Bank was the sole lead manager and bookrunner, while Bank of China, CCB Singapore and ICBC Singapore were ...

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