This announcement is not an offer of securities for sale in the United States or elsewhere. No Notes are being registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and no such Notes may be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. Any Notes issued under the Programme in bearer form will be subject to U.S. tax requirements. No public offering of any Notes is being or will be made in the United States.
DBS UPDATES GLOBAL MEDIUM TERM NOTE PROGRAMME
SINGAPORE, 11 October 2011 - On 24 June 2010, DBS Bank Ltd. ("DBS") established a USD 10 billion Debt Issuance Programme for the issuance of senior debt securities with DBS acting as Arranger. Today, DBS has updated the Programme as a USD 15 billion Global Medium Term Note Programme (the "Programme"), pursuant to which DBS may issue senior or subordinated notes (the "Notes") to certain non-U.S investors outside the United States and to "qualified institutional buyers" as defined in Rule 144A of the U.S. Securities Act of 1933, as amended, inside the United States.
DBS, Bank of America Merrill Lynch, and Goldman Sachs (Singapore) Pte. are the Joint Arrangers for the Programme and have been appointed as Programme Dealers under the Programme.
Net proceeds from the issue of Notes under the Programme will be used for the general business purposes of DBS Group Holdings Ltd. and its consolidated subsidiaries.
Application has been made to the Singapore Exchange Securities Trading Limited (the "SGX-ST") for permission to deal in, and for quotation of, any Notes which are agreed at the time of issue thereof to be so listed on the SGX-ST. Such permission will be granted when such Notes have been admitted to the Official List of the SGX-ST. Admission of any Notes to the Official List of the SGX-ST and quotation of such Notes on the SGX-ST is not to be taken as an indication of the merits of DBS, the Programme or the Notes.
DBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 200 branches across 15 markets. Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia. The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings that are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia" accolade for three consecutive years, in 2009, 2010 and 2011.
DBS provides the full range of services in consumer, SME and corporate banking activities across Asia and the Middle East. As a bank born and bred in Asia, DBS also understands the intricacies of doing business in the region’s most dynamic markets. This market insight and regional connectivity have helped to drive the bank’s growth as it sets out to be the Asian bank of choice. The bank believes that building lasting relationships with its customers is an integral part of banking the Asian way.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 17,000 staff, representing over 30 nationalities. For more information, please visit www.dbs.com.