SECURITISATION OF TAMPINES CENTRE BY DBS BANK - FULLY TAKEN UP

DBS Bank is pleased to announce that all the S$180 million Tampines 7-year fixed-rate secured bonds have been fully taken up. The S$180 million bonds were issued in conjunction with the securitisation of Tampines Centre by DBS Bank.

The Issue was issued in 2 classes, S$108 million Senior Bonds and S$72 million Junior Bonds. S$20 million of the Senior Bonds were set aside for retail investors for application via the Bank's ATMs on a first-come-first-served basis. The Senior Bonds were offered at par, at a coupon of 5.625% per annum payable semi-annually. Application opened at 9.30am today and the S$20 million were fully taken up within the same morning. A total of 810 applications was received.

Mr Eric Ang, Managing Director and Head, Capital Markets said, `This is the 5th Bond IPO lead managed by DBS Bank this year and offered to retail investors. The response for these bonds was overwhelming. The Bank will continue to make available to retail investors a wider range of investment products and play an active role in the development of Singapore's bond market.'