DCS Card Centre raises $300m in upsized asset-backed notes offering

DBS and First Plus Asset Management supported the transaction.

DCS Card Centre has raised $300m through an upsized issuance of asset-backed notes. The investment is securitised by credit card receivables originated by DCS.

The transaction was supported by DBS and investors such as First Plus Asset Management.

After DCS’s rebranding from Diners Club Singapore, the company is set to offer more products and services addressing the needs of wider customer segments.

Upcoming offers include the expansion of its credit card issuance to Mastercard, UnionPay, and soon, Visa.

“With our latest round of notes issuance, DCS cements its role as an industry leader in shaping the future of payment strategy through our innovative solutions. Our commitment to investors remains unparalleled, and we are excited to continue building strong trusting relationships with a diverse range of financiers,” Eileen Liu, Managing Director for Finance at DCS said.