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DBS


DBS has completed Singapore’s first export financing transaction referencing the USD Secured Overnight Financing Rate (SOFR)[1] with global food and agri-business, Bunge. This USD 25 million transaction, priced off SOFR Averages, is a significant industry milestone as the global Interbank Offered Rate (IBOR) transition gathers pace, and it fortifies Singapore’s status as a global trade hub. …

 To propel efforts to create a more efficient and accessible capital market through digitalisation, DBS has launched FIX Marketplace. This marks Asia’s first fully digital and automated fixed income execution platform, where issuers can directly connect with investors on the platform at their sole discretion. Keppel Corporation Limited (Keppel Corporation) is the first corporate issuer …

SK Telecom (NYSE:SKM, hereinafter referred to as “SKT”) today announced that it has secured its first sustainability-linked loan facility from DBS Bank in Singapore. The three-year KRW 200 billion (SGD 238 million) loan facility features interest rate discounts pegged to pre-determined environmental, social and governance (ESG) targets in areas such as carbon emissions management and …

As part of efforts to broaden the suite of products on the DBS Digital Exchange (DDEx), DBS announced today that it has priced an SGD 15 million digital bond, marking DDEx’s first Security Token Offering (STO). The DBS Digital Bond, which comes with a six-month tenor and coupon rate of 0.60% per annum, was done …

DBS announced today that it is tripling the number of job opportunities available at this year’s edition of its ‘DBS Women in Tech’ virtual career fair for female technologists in Singapore, with more than 140 openings available. This builds on the success of the event’s inaugural run in 2020, which saw more than 500 applicants …

Sembcorp Marine Ltd has secured a sustainability-linked financing facility which references the Singapore Overnight Rate Average (“SORA”) from DBS Bank, through its wholly owned subsidiary, Sembcorp Marine Financial Services Pte. Ltd.  This SGD 500 million facility is believed to be the first SORA-based sustainability-linked loan for the maritime industry. The loan’s interest rate comprises two …

DBS is launching Singapore’s first green car loan, the DBS Green Car Loan, to encourage car owners in Singapore to reduce their carbon footprint. Available from 1 March 2021, the DBS Green Car Loan provides a 1.68% p.a.[1] car loan to all customers purchasing new and used electric and hybrid vehicles. The rate is currently …

DBS Bank has been named to the Bloomberg Gender-Equality Index (GEI) for the fourth year running, and in a milestone achievement, is also the sole company in ASEAN in the GEI’s top global quartile this year. Featuring some 380 publicly listed companies from 11 sectors headquartered across 44 countries and regions worldwide, the GEI recognises …

From 25 January, DBS/POSB customers will be able to obtain new and good-as-new notes for Chinese New Year (CNY) at more locations across Singapore. Bearing in mind the Covid-19 safety measures in place, the bank will also open up more reservation slots for new notes exchange so customers can still access new notes services. Jeremy …

With businesses hard hit by Covid-19, DBS has stepped up its support for social enterprises (SEs) with SGD 9 million in loans and grants this year. This is the bank’s largest collective disbursement of loans and grants within a year to SEs since the inception of DBS Foundation – DBS’ foundation arm which was set …