Linklaters has advised DBS Group Holdings Ltd. on the issuance of $1.25 billion in dollar-denominated bonds on the Singapore Exchange.
The bank sold one $750 million tranche of five-year notes at a fixed interest rate of 2.246 percent, and another tranche of five-year floating-rate notes worth $500 million. The money will go toward DBS’s treasury and finance activities, including intercompany loans to its subsidiaries.
Allen & Gledhill also acted for DBS, with partners Glenn Foo and Sunit Chhabra advising on Singapore law.
Clifford Chance Hong Kong partner Matt Fairclough and Singapore partner Johannes Juette represented underwriters Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch and Goldman Sachs (Singapore) Pte.