The Aa3 rated deal priced at par with a coupon of 61bp over 3-month Libor. The coupon steps up to 161bp over if not redeemed on its June 15 2016 call date.
At these levels the deal comes at the wider end of a very small indicative pricing range of 60-61bp over Libor.
The deal was increased from its revised launch size of $750 million. When the roadshows were being conducted DBS was looking...
¬ Haymarket Media Limited. All rights reserved.
