Friday, May 11, 2007

DBS Group Sells $2 Billion of Bonds, Marking Asia's Largest Bank-Debt Sale

(Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia's largest bank, raised $2 billion in its biggest sale of bonds as loans to customers increase.

Singapore-based DBS issued $1.5 billion of floating-rate notes and $500 million variable-rate securities maturing in 2017, according to data compiled by Bloomberg. The size of the offering was increased from a planned $1.75 billion, based on an e-mail sent to investors today.


Read more at Bloomberg Bonds News

No comments: