DBS bond

US investors drive aggressive pricing of DBS's $1 billion bond

Meanwhile Olam International taps the Singapore dollar market via a S$275 million perpetual.

<div style="text-align: left;"> DBS taps the US investor base for the first time and is rewarded with a tightly priced deal (AFP)</div>

Denise Wee

February 23, 2012

DBS Bank closed an aggressively priced $1 billion five-year bond early yesterday morning. The Singapore lender tapped US investors for the first time, making it one of the few local borrowers aside from Temasek to target that investor base. US investors took up close to half of the deal and helped drive pricing tighter.

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