DBSSP 3.800% 20Jan2028 Corp (SGD)

Bond Factsheet

Matured/ Called

DBS Group Holdings Limited

Indicative

Full Lot

Bid Price

99.700

Change in Bid Price

Bid Yield (%)

4.745 %

Change in Bid Yield

0.022

Ask Price

100.000

Change in Ask Price

Ask Yield (%)

3.899 %

Change in Ask Yield

Indicative price as of 02 Mar 2023, 12:00am

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Bond Information

DBS Group Holdings Limited and its subsidiaries provide a variety of financial services. The Company offers services including mortgage financing, lease and hire purchase financing, nominee and trustee, funds management, corporate advisory and brokerage . DBS Group also acts as the primary dealer in Singapore government securities.

Bond Issuer

DBS Group Holdings Limited

Guarantor

Announcement Date

13 Jan 2016

Issue Date

20 Jan 2016

Maturity Date

20 Jan 2028

Years to Maturity / Next Call

1.294 / 0.294

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.800

Coupon Type

Variable

Annual Coupon Rate

3.800

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Subordinated

Reference Rate

Reset Rate = 5Y SGD SOR + Initial Spread (1.1%)
Reset Date = 20Jan2023 (1st Call Date)

ISIN

SG71A5000002

CUSIP

JV6348785

Bond Currency

SGD

Total Issue Size

250,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ AA-

Bond Credit Rating (S&P/ Fitch)

***/ A

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Loss Absorption

TRIGGER EVENT:

Earlier of (i) the MAS notifying the Issuer in writing that a write-off is necessary, without which the Issuer would become non-viable; and (ii) a decision by MAS to make a public sector injection of capital, or equivalent support, without which the Issuer would have become non-viable, as determined by MAS

Issuer Call

First Call Date: 20 January 2023
Callable Dates: Callable from 20 January 2023 and each interest payment date thereafter

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