Singapore's DBS Bank increases global MTN program to $15 billion

By Marisa Wong

Madison, Wis., Oct. 11 - DBS Bank Ltd. upsized its debt issue program to $15 billion, according to a company news release.

DBS established a $10 billion senior debt securities program in June.

According to the release, DBS has also updated the program as a global medium-term note program to include senior and subordinated notes. The notes will be sold under Rule 144A.

DBS, Bank of America Merrill Lynch and Goldman Sachs (Singapore) Pte. are the joint arrangers and dealers for the program.

Proceeds will be used for the general business purposes of DBS Group Holdings Ltd. and its subsidiaries.

DBS Bank is a Singapore-based financial services group.

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