DBS redeems $1b perpetual securities at 3.30% on 27 February

The securities were issued under the 2020 US$3b Global Medium Term Note Programme.

DBS Group Holdings announced that it has elected to and will redeem all of the outstanding $1b securities at 3.30% on 27 February.

The securities were issued under the US$3b Global Medium Term Note Programme in 2020 and were first callable in 2025.

The securities will have an optional redemption amount of US$1,000 per calculation amount with distribution accrued.

Following the redemption, the securities will be subsequently cancelled and then de-listed from the Singapore Exchange Securities Trading Limited (SGX-ST).

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