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 ESTABLISHES USD 10,000,000,000 DEBT ISSUANCE PROGRAMME
SINGAPORE, 24 June 2010 – DBS Bank Ltd. (“DBS”) has established a USD 10,000,000,000 Debt Issuance Programme (the “Programme”), under which DBS may issue senior debt securities (the “Notes”).
DBS is the Arranger of the Programme.
The net proceeds from the issue of Notes under the Programme will be used for the general business purposes of DBS 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.
About DBS
DBS is one of the largest financial services groups in Asia
with operations in 16 markets. Headquartered in Singapore, DBS is a
well-capitalised bank with "AA-" and "Aa1" credit ratings that are among
the highest in the Asia-Pacific region.
As a bank that specialises in Asia, DBS leverages its deep
understanding of the region, local culture and insights to serve and build
lasting relationships with its clients. DBS provides the full range of
services in corporate, SME, consumer and wholesale banking activities across
Asia and the Middle East. The bank is committed to expanding its pan-Asia
franchise by leveraging its growing presence in mainland China, Hong
Kong and Taiwan to intermediate the increasing trade and investment flows
between these markets. Likewise, DBS is focused on extending its
end-to-end services to facilitate capital within fast-growing countries in
Indonesia and India.
DBS acknowledges the passion, commitment and can-do spirit in each of
its 14,000 staff, representing over 30 nationalities. For more
information, please visit www.dbs.com.