DBS smashes AT1 record

Singaporean bank brings the tightest additional Tier 1 capital deal on record.

DBS smashes AT1 record

DBS Holdings completed the tightest additional Tier 1 AT1 capital deal on record on Tuesday with a $750 million transaction that also marks its first dollar-denominated transaction in the sector. 

However, the record breaking pricing failed to deter investors, with the order book peaking at $8 billion before settling back down to $6.5 billion after price guidance was revised.

The combination of the continuing low interest rate environment, Singapore's credit...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: dbs | bonds | investment grade | singapore | citi | deutsche | hsbc | soc gen

Print Edition

FinanceAsia Print Edition