S&P rates DBS Bank notes AA-

Standard & Poor's said it assigned an AA- issue rating to the proposed issue of $1 billion in five-year senior unsecured notes by DBS Bank Ltd.

The bank is expected to issue the notes under its $10 billion debt issuance program, which is rated AA-/A-1+.

The proceeds will be used for general corporate purposes.

The notes will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank. They will rank pari passu with all other unsecured obligations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.