Chicago, Nov. 20 – DBS Bank Ltd. London Branch issued £500 million of floating-rate covered bonds due 2026 (Aaa//AAA), according to an offering document.
The bonds are guaranteed by Bayfront Covered Bonds Pte. Ltd.
The coupon will be based on Sonia plus 63 basis points. The bonds priced at par.
DBS Bank Ltd., HSBC Bank plc, Lloyds Bank Corporate Markets plc, National Australia Bank Ltd., RBC Europe Ltd. and UBS AG London Branch managed the sale.
The offering is listed in Singapore.
| Issuer: | DBS Bank Ltd. London Branch
|
| Guarantor: | Bayfront Covered Bonds Pte. Ltd.
|
| Amount: | £500 million
|
| Issue: | Floating-rate covered bonds
|
| Maturity: | Nov. 17, 2026
|
| Bookrunners: | DBS Bank Ltd., HSBC Bank plc, Lloyds Bank Corporate Markets plc, National Australia Bank Ltd., RBC Europe Ltd. and UBS AG London Branch
|
| Coupon: | Sonia plus 63 bps
|
| Price: | Par
|
| Trade date: | Nov. 7
|
| Settlement date: | Nov. 17
|
| Ratings: | Moody’s: Aaa
|
| Fitch: AAA
|
| Distribution: | Regulation S
|
| ISIN: | XS2715166653
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
