By Christine Van Dusen
Atlanta, July 9 – Singapore’s DBS Bank Ltd. priced a two-part $1.25 billion issue of fixed- and floating-rate notes due July 16, 2019 (expected ratings: Aa2//AA-), a syndicate source said.
The deal included $750 million of fixed-rate notes that priced at par to yield 2.246% and $500 million floaters that priced at par to yield Libor plus 50 basis points.
DBS, Citigroup, Deutsche Bank and Goldman Sachs were the bookrunners for the Rule 144A and Regulation S deal.
DBS Bank is a Singapore-based financial services group.
| Issuer: | DBS Bank Ltd.
|
| Amount: | $1.25 billion
|
| Maturity: | July 16, 2019
|
| Description: | Notes
|
| Bookrunners: | DBS, Citigroup, Deutsche Bank, Goldman Sachs
|
| Trade date: | July 9
|
| Settlement date: | July 16
|
| Expected ratings: Moody’s: Aa2
|
| Fitch: AA-
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Fixed-rate notes
|
| Amount: | $750 million
|
| Description: | Fixed-rate notes
|
| Coupon: | 2.246%
|
| Price: | Par
|
| Yield: | 2.246%
|
|
|
| Floating-rate notes
|
| Amount: | $500 million
|
| Description: | Floating-rate notes
|
| Coupon: | Libor plus 50 bps
|
| Price: | Par
|
| Yield: | Libor plus 50 bps
|
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