DBS ups US Commercial Paper Programme to US$15b

DBS Bank Ltd has expanded its existing US Commercial Paper Programme from US$5 billion previously.

DBS has announced that Goldman, Sachs & Co., Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Merrill Lynch, Pierce, Fenner & Smith Incorporated will continue 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 US Securities Act of 1933. 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.