RETAIL BANKING | Staff Reporter, Singapore

DBS establishes USD 5b commercial paper programme

Guess who DBS selected as dealers under the programme?

According to a release, DBS Bank Ltd. has established a USD 5 billion U.S. Commercial Paper Programme.

DBS has appointed Goldman, Sachs & Co., Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as dealers under the Programme.

The offer and sale of the Notes to be issued under the Programme will be made in transactions exempt from the registration requirements of the U.S. Securities Act of 1933, as amended in reliance on Section 4(2) thereof. The Notes to be issued under the Programme will not be listed on any stock exchange.

Net proceeds from the issuance of the Notes will be used for the general business purposes of DBS Group Holdings Ltd. and its consolidated subsidiaries. 

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