39 stories mentioning SGX:D05Updated 3d ago
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DBS Bank (SGX:D05) filed for the listing of multicurrency bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Monday.The bank filed for $2 billion worth of 4.486% covered bonds due 2029 and 360 million pounds worth of floating rate bonds due 2027.The bonds will be listed and quoted on the Bonds Market on June 30.
DBS (SGX:D05) filed for the listing of HK$1.28 billion worth of fixed rate bonds due 2027, on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted on the Bonds Market on June 26, the filing added.
DBS (SGX:D05) will provide a $210 million senior financing facility to ETAFCo., an investment vehicle that supports the displacement strategy of the Energy Transition Acceleration Finance partnership (ETAF) under Singapore's Financing Asia's Transition Partnership (FAST-P) initiative.The loan will support eligible energy transition infrastructure debt investments, according to a company release.To date, DBS is the only commercial bank to support two partnerships linked with the FAST-P initiative.The bank has also contributed around $75 million to the fund's blended finance program named Green Investments Partnerships.
Singapore Airlines (SGX:C6L) launched 1.50 billion yuan in "dim sum" bonds, according to a Wednesday filing with the Singapore Exchange.The dim sum bonds, which are yuan-denominated bonds offered outside of China, hold an interest rate of 2.38% and will mature in 2031.The company will use the proceeds to purchase aircraft, make aircraft-related payments, and fund general corporate or working capital purposes.The Singapore branches of Bank of China (HKG:3988, SHA:601988), HSBC (HKG:0005), Standard Chartered Bank (HKG:2888), and DBS Bank (SGX: D05) are the joint lead managers.Shares of Singapore Airlines rose 1% during morning trading.
Singapore shares opened flat with positive bias on Wednesday, tracking mixed sentiment across major Asian markets after a massive technology-stock-led sell-off in the previous session as investors took an optimistic yet cautious approach amid concerns over AI spending and semiconductor firms' valuations.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, rose 0.08%, or 4.19 points, to open at 5,209.930.Market-moving bank stocks were mixed in early morning trade, with DBS Group Holdings (SGX:D05) and United Overseas Bank (SGX:U11) gaining marginally, while shares of Oversea-Chinese Banking Corporation (SGX:O39) slightly declined.In other news, US President Donald Trump said Tuesday that Iran had agreed to permit nuclear inspections, although Tehran said it has no plans to allow the International Atomic Energy Agency (IAEA) inspectors set foot in its bombed enrichment sites.Iran's chief negotiator, Mohammad Bagher Ghalibaf, said the Strait of Hormuz would "never return to its pre-war conditions" and that Tehran would maintain control over the key waterway.
Singapore-based DBS Group Holdings' (SGX:D05) subsidiary DBS Bank is planning to sell a three-year US dollar benchmark covered bond, which has a maturity date of June 29, 2029, Reuters reported Monday, citing a term sheet.The bond is expected to be settled on June 29, 2026, the report said.The bonds will be offered at a spread of 42 basis points over secured overnight financing rate (SOFR) mid-swaps, backed by a pool of Singapore residential mortgage loans, and guaranteed by Bayfront covered bonds.The notes are expected to receive ratings of Aaa from Moody's and AAA from Fitch Ratings. Joint lead managers for the offering include BMO Capital Markets, HSBC (HKG:0005), RBC Capital Markets, Standard Chartered PLC (HKG:2888) subsidiary Standard Chartered Bank, and TD Securities.DBS Bank did not immediately reply to' request for comment.Shares of DBS Group Holdings rose nearly 1% in recent trade, while those of Standard Chartered PLC added over 1%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
DBS Bank, a unit of DBS Group (SGX:D05), filed for the listing of multicurrency bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bank filed for 112 million pounds worth of floating rate bonds due 2027, HK$600 million worth of fixed rate bonds due 2027 and 145 million euros worth of floating rate bonds due 2027.The bonds will be listed and quoted in the Bonds Market on June 19, the filing added.
Singapore has outlined plans to launch a gold clearing system by the end of the year, in partnership with JPMorgan Chase, Deutsche Bank, DBS (SGX:D05), Oversea-Chinese Banking Corp. or OCBC (SGX:O39), UOB (SGX:U11)and ICBC Standard Bank, according to a report by Bloomberg on Monday.Speaking at a conference, the city-state's Deputy Prime Minister and MAS chairman, Gan Kim Yong said the system will connect regional gold demand with global liquidity and support market activity during trading hours.Bloomberg also reported that MAS plans to introduce central bank gold vaulting services by October.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Singapore Exchange plans to establish an over-the-counter (OTC) gold clearing system for Loco Singapore this year, the Monetary Authority of Singapore said Monday.Major banks such as JPMorgan Chase & Co., DBS Group Holdings (SGX:D05), Oversea-Chinese Banking Corporation (SGX:O39), United Overseas Bank (SGX:U11), ICBC Standard Bank, and Deutsche Bank AG will act as clearing members, with plans for inter-bank trading expected to be operational from 2027, the release said.These banks will work with the Singapore Exchange to enhance the Loco Singapore gold market, improve price discovery, and build trading activities, it said.The Monetary Authority of Singapore will introduce central bank gold vaulting services by October.Shares of Oversea-Chinese Banking Corporation added over 1%, while those of United Overseas Bank increased about 1% at market close.
DBS (SGX:D05) launched DBS Physical Gold Tokens, a tokenized physical gold offering for retail customers, according to a company release on Thursday.The tokens will be available to customers through the DBS digibank platform in the second half of 2026.Each token is backed by one gram of physical gold stored in a dedicated DBS vault in Singapore, with the bank managing everything in-house.Customers will be able to buy, sell, hold, and redeem the tokens for physical gold through a single platform.DBS said the offering aims to expand access to gold investing while supporting Singapore's position as a gold trading hub.
The Singaporean central bank's proposal for a total loss-absorbing capacity (TLAC) framework could impact banks' support ratings, Fitch Ratings said in a Thursday release.The "aa-" government support rating for the country's three major local banks are in line with their viability ratings, serving as a backstop to their AA- issuer default ratings, Fitch said.The rating agency may not consider government support for markets with credible banks resolution and expectations of senior debt being bailed in.With this, the equilibrium between DBS Group Holdings (SGX:D05) and DBS Bank's ratings may shift if Fitch removes government support as a factor.The Monetary Authority of Singapore's propose external TLAC of 14% of risk-weighted assets of local domestic systemically banks is below the 18% minimum for global ones, Fitch said.The central bank also does not push for a TLAC leverage ratio requirement given the smaller size of varied risk profiles of the domestic banks.The proposal will also not force United Overseas Bank (SGX:U11) and Oversea-Chinese Banking (SGX:O39) to issue any additional debt, reflecting the wider flexibility in the proposed ways for banks to meet the TLAC requirement, Fitch said.
DBS Group (SGX:D05) plans to establish two new wealth centers in Singapore by the end of 2027 to meet rising demand for its wealth management services, The Straits Times reported Monday.The wealth centers will complement the bank's existing DBS Treasures centers in the city-state.The centers are designed to offer services, including portfolio advisory to affluent and high-net-worth customers, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Fitch Ratings expects Singapore banks DBS Group (SGX:D05), Oversea-Chinese Banking Corp. (SGX:O39) and United Overseas Bank (SGX:U11) to continue delivering solid performance over the next 12 to 18 months, according to a release late Thursday.The forecast comes despite increased uncertainty across the globe, with risks linked to banks' lower-rated overseas market and the length and severity of conflict in the Middle East.While all three banks have been reporting slower profitability due to lower interest rates, fee income growth due to wealth management segments has ensured strong financial performances.
DBS Group (SGX:D05) commenced voluntary liquidation proceedings for its indirect subsidiary, Primefield Company, according to a Friday filing with the Singapore Exchange.The subsidiary is a dormant entity, the financial services group said.
Oversea-Chinese Banking Corporation (SGX:O39) or OCBC, agreed to acquire the retail and wealth management business of HSBC (HKG:0005)'s Indonesian arm.The deal, executed through its subsidiary PT Bank OCBC NISP Tbk, involves the transfer of assets and liabilities of HSBC Indonesia's International Wealth and Premier Banking business, according to a Monday press release.The acquisition will expand OCBC's Indonesia platform by about SG$6.6 billion in assets under management and 336,000 customers.The portfolio includes SG$4.3 billion in customer investments across mutual funds, bonds, and insurance, as well as SG$2.3 billion in deposits and a retail loan book of about SG$0.3 billion.Total consideration will be based on net asset value at completion, with a premium of up to about SG$0.48 billion, subject to adjustment mechanisms."This acquisition in Indonesia fits well into our Next Frontier strategy under the Franchise Shift of building up our Indonesia franchise," Tan Teck Long, Chief Executive Officer of Oversea-Chinese Banking Corporation, said."Indonesia is a long-term commitment, and a key growth market," he added.The SG$2.3 billion deposit base, including sizable low-cost CASA balances, provides stable funding and opens up further wealth management opportunities, Long said.The deal is expected to be completed in the second quarter of 2027 and will be internally funded, with no material impact anticipated on OCBC's net tangible assets, earnings per share, or capital.IWPB Indonesia operates across 26 branches and is one of the largest foreign-owned retail and wealth platforms in the country.Upon completion, OCBC expects the deal to increase its Indonesia unit's AUM by about 25% and boost credit card balances by more than 150%, while adding around 1,300 employees to strengthen its wealth management capabilities.The news confirms a Bloomberg report in mid-April about OCBC emerging as the lead bidder for the assets. Bloomberg previously reported that Singapore's DBS Group (SGX:D05) and United Overseas Bank (SGX:U11), Malaysia's CIMB Group (KLSE:CIMB) and Japan's Sumitomo Mitsui Financial Group (TYO:8316) were in the running for the business.
DBS Group (SGX:D05) has an average rating of overweight and mean price target of SG$60.12, according to analysts polled by FactSet.
Singapore shares zoomed over 1% at the close on Thursday, with the market buoyed by DBS (SGX:D05) driving investor sentiment after posting record net income for the first quarter of the year.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,880.67 and 4,917.19 throughout the day. It ended the session at 4,912.69, up 51.72 points or 1.1% compared to Wednesday's close.The bank's shares closed over 3% higher with its total income up 1% year over year to SG$5.95 billion from SG$5.91 billion.Meanwhile, Asian markets remained positive, boosted by progress made by Japan and the US over tariff negotiations.In economic news, Singapore's manufacturing prices jumped 20.3% year over year in March, extending the 5.4% increase in the previous month, the city-state's Department of Statistics reported.Meanwhile, Singapore's Export Price Index rose 8.4% year on year in March, reversing a 4.2% decline in the preceding month.Singapore's total employment grew by 5,000 during the first quarter of the year, compared to 2,300 a year earlier, marking the 18th consecutive quarter of job growth, according to preliminary data from the Ministry of Manpower.Lending activity in Singapore expanded in March, with total loans and advances to residents rising to SG$902.3 billion from SG$893.6 billion in February, according to preliminary data released by the Monetary Authority of Singapore.In other corporate news, Tianjin Pharmaceuticals Da Ren Tang's (SGX:T14) shares were up nearly 7% at the close as its net attributable profit to owners during the first quarter of the year jumped by 13% to 423.8 million yuan from 374.2 million yuan a year earlier.
DBS Group (SGX:D05) net profit rose 1% in the first quarter to SG$2.93 billion from SG$2.90 billion a year earlier, according to a filing with the Singapore Exchange on Thursday.Earnings per share rose to SG$4.17 compared with SG$4.11 in the year-ago period. Visible Alpha expected an EPS of SG$0.98.Total income was up 1% year over year to SG$5.95 billion from SG$5.91 billion.The board declared an interim one-tier dividend of SG$0.0066 per share and a capital return dividend of SG$0.0015 per share for the period.The dividend is expected to be paid on or about May 20.Shares of the bank were up nearly 4% in Thursday trading.
Oversea-Chinese Banking (SGX:O39) emerged as the lead bidder for HSBC Holdings' (HKG:0005) Indonesian consumer business, Bloomberg News reported Friday, citing people familiar with the matter.The Singaporean bank's offer values the business at $350 million, the report said, citing the sources.No final decision has been made, with a possibility of other parties joining the bid, the people reportedly said.OCBC and HSBC did not immediately respond to requests for comment from.Bloomberg previously reported that Singapore's DBS Group (SGX:D05), Oversea-Chinese Banking, and United Overseas Bank (SGX:U11), as well as Malaysia's CIMB Group (KLSE:CIMB) and Japan's Sumitomo Mitsui Financial Group were in the running for the business.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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