DBS Group raised US$2 billion (S$2.7 billion) to cope with daily operations and capital management activities through issuing multiple USD senior bonds.

According to the terms and conditions provided by DBS, DBS has issued two batches of floating interest rate bonds in three-year and five-year terms, raising $1 billion and $500 million respectively. In addition, the group also issued three-year fixed-rate bonds, raising US$500 million with an annual interest rate of 4.403%.

The subscription amounts of the two batches of floating-rate bonds exceeded US$3 billion respectively, of which the five-year bonds had the largest demand, and received subscriptions from 179 investors; while the three-year fixed-rate bonds attracted 102 investors, with subscription amounts of more than US$1.4 billion. Most investors come from Asia, followed by the United States, Europe, the Middle East and Africa, including asset management companies, banks, pension funds, institutional investors, private banking customers, etc.

“More than three times the oversubscription reflects investors' recognition of DBS's robust and resilient brand,” said Philip Fernandez, DBS's financial director.

As for financing purposes, DBS plans to use funds for general business activities, as well as capital management, including financing to internal companies.

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In 15 years, DBS's market value increased by 2.5 times, Bode's annual salary reached a record high of 17.58 million yuan

In 15 years, DBS's market value increased by 2.5 times, Bode's annual salary reached a record high of 17.58 million yuan

DBS Bank is the only global coordinator, joint book manager and lead underwriter of this bond issuance. Participants also include BNP Paribas, Bank of America, HSBC, etc.