DBS Bank prices A$500 million increase to June 2025 FRN

Tuesday, 06 September 2022

Updated

Issuer name: DBS Bank Australia Branch
Issuer rating: AA-/Aa1/AA-
Issue rating: Aa1/AA-
Pricing date: 6 September 2022
Settlement date: 16 September 2022
Maturity date: 16 June 2025
Lead managers: DBS Bank, Commonwealth Bank of Australia, National Australia Bank

Transaction type: senior-unsecured
Volume: A$500 million (US$340.1 million)
Total outstanding in the line: A$1 billion
Coupon type: FRN
Coupon rate: 3m BBSW +78bp
Issue/re-offer price: 100.181%
Margin: 78bp/3m BBSW