Strong demand for DBS US$ bond deal and two other issues
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Singapore
IT was a busy Tuesday for the Asian US dollar bond market. Besides the DBS USD Additional Tier 1 Perpetual bond deal, two Chinese issuers also tapped the market and orders for the three exceeded a combined US$16.55 billion.
DBS's USD Additional Tier 1 deal received orders of over US$8 billion, which brought the pricing lower to 3.6 per cent. The initial guidance was around 4 per cent. Issue size is US$750 million.
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