DBS launches tier-two Kangaroo transaction

Wednesday, 07 March 2018

DBS Group Holdings (DBS) launched its 10-year non-call five-year tier-two Kangaroo deal on 7 March. Indicative price guidance for the forthcoming transaction is 160 basis points area over swap benchmarks. The notes are expected to be rated A3/A+ by Moody’s Investors Service and Fitch Ratings.