By Cristal Cody
Chicago, Nov. 17 – DBS Group Holdings Ltd. sold $1 billion of three-year notes in two parts on Tuesday, according to a market source.
The deal included a $300 million floating-rate tranche with a coupon based on SOFR plus 30 basis points.
DBS also priced $700 million of 1.169% notes with a spread over Treasuries of 30 bps, lower than talk in the Treasuries plus 50 bps area.
BofA Securities, Barclays, Citigroup, DBS and Wells Fargo Securities are the bookrunners for the Rule 144A and Regulation S deal.
The financial services group is based in Singapore.
| Issuer: | DBS Group Holdings Ltd.
|
| Amount: | $1 billion
|
| Issue: | Floating-rate notes and fixed-rate notes
|
| Maturity: | Nov. 22, 2024
|
| Bookrunners: | BofA Securities, Barclays, Citigroup, DBS and Wells Fargo Securities
|
| Trade date: | Nov. 16
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 2024 floaters
|
| Amount: | $300 million
|
| Issue: | Floating-rate notes
|
| Coupon: | SOFR plus 30 bps
|
|
|
| 2024 fixed
|
| Amount: | $700 million
|
| Issue: | Fixed-rate notes
|
| Coupon: | 1.169%
|
| Spread: | Treasuries plus 30 bps
|
| Price talk: | Treasuries plus 50 bps area
|
|
|
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