DBS Gets Licence to Underwrite Non-Financial Corporate Bonds in China

Dow Jones02-14

By P.R. Venkat

DBS Group has received regulatory approval to underwrite debt financing instruments for non-financial companies in the China Interbank Bond market, making it the first Southeast Asian-headquartered bank to receive the licence.

The approval from China's National Association of Financial Market Institutional Investors will let non-financial enterprises outside China tap DBS's expertise to raise funds from the world's second-largest bond market, the Singapore-based bank said Wednesday.

Last year, DBS was the joint lead underwriter for 3.1 billion Singapore dollars (US$2.3 billion) worth of Panda bonds issued in the China Interbank Bond market, accounting for over 10% of S$26.2 billion Panda bonds issued in 2023.

Panda bonds are a common term for yuan-denominated debt issued in China's onshore market by non-Chinese companies, governments, and organizations.

"DBS has supported several multilateral development banks, foreign governments, and European financial institutions to issue Panda bonds, some of which were inaugural issuances," said the bank's global head of fixed income, Clifford Lee.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

February 13, 2024 23:16 ET (04:16 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Venkat \n</p>\n<pre>\n \n</pre>\n<p>\n   DBS Group has received regulatory approval to underwrite debt financing instruments for non-financial companies in the China Interbank Bond market, making it the first Southeast Asian-headquartered bank to receive the licence. \n</p>\n<p>\n  The approval from China's National Association of Financial Market Institutional Investors will let non-financial enterprises outside China tap DBS's expertise to raise funds from the world's second-largest bond market, the Singapore-based bank said Wednesday. \n</p>\n<p>\n   Last year, DBS was the joint lead underwriter for 3.1 billion Singapore dollars (US$2.3 billion) worth of Panda bonds issued in the China Interbank Bond market, accounting for over 10% of S$26.2 billion Panda bonds issued in 2023. \n</p>\n<p>\n  Panda bonds are a common term for yuan-denominated debt issued in China's onshore market by non-Chinese companies, governments, and organizations. \n</p>\n<p>\n  \"DBS has supported several multilateral development banks, foreign governments, and European financial institutions to issue Panda bonds, some of which were inaugural issuances,\" said the bank's global head of fixed income, Clifford Lee. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to P.R. 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Venkat \n\n\n \n\n\n   DBS Group has received regulatory approval to underwrite debt financing instruments for non-financial companies in the China Interbank Bond market, making it the first ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999004360.SGD","symbol_name":"Nikko AM Shenton Thrift Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2411347300","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2411347300","pubTimestamp":1707884160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"DBS Group has received regulatory approval to underwrite debt financing instruments for non-financial companies in the China Interbank Bond market, making it the first Southeast Asian-headquartered bank to receive the licence.The approval from China's National Association of Financial Market Institutional Investors will let non-financial enterprises outside China tap DBS's expertise to raise funds from the world's second-largest bond market, the Singapore-based bank said Wednesday.Last year, DBS was the joint lead underwriter for 3.1 billion Singapore dollars  worth of Panda bonds issued in the China Interbank Bond market, accounting for over 10% of S$26.2 billion Panda bonds issued in 2023.Panda bonds are a common term for yuan-denominated debt issued in China's onshore market by non-Chinese companies, governments, and organizations.\"DBS has supported several multilateral development banks, foreign governments, and European financial institutions to issue Panda bonds, some of which we","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","D05.SI":"星展集团控股","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999001135.SGD":"United ASEAN Fund SGD","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0048573645.USD":"富达东盟基金","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","DBS":"Invesco DB Silver Fund","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","DBSDY":"DBS Group Holdings Ltd.","BK6516":"银行与投资服务概念","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC"},"translate_title":"星展银行获准在中国承销非金融企业债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"D05.SI":1,"DBS":1,"DBSDY":0.9,"US12M.BOND":0.63,"US10Y.BOND":0.63,"US2Y.BOND":0.63,"US30Y.BOND":0.63,"US3Y.BOND":0.63,"US5Y.BOND":0.63,"US6M.BOND":0.63,"US7Y.BOND":0.63,"US912796CX52.BOND":0.6,"US912797HH31.BOND":0.6,"US912797HG57.BOND":0.6,"US912797HE00.BOND":0.6,"US912797GX99.BOND":0.6,"US912797GW17.BOND":0.6,"US912797GQ49.BOND":0.6,"US912797GP65.BOND":0.6,"US912797GN18.BOND":0.6,"US912796Z285.BOND":0.6,"US912797FH58.BOND":0.6,"US912797FS14.BOND":0.6,"US912797GB79.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GM35.BOND":0.6},"content_text":"By P.R. Venkat \n\n\n \n\n\n   DBS Group has received regulatory approval to underwrite debt financing instruments for non-financial companies in the China Interbank Bond market, making it the first Southeast Asian-headquartered bank to receive the licence. \n\n\n  The approval from China's National Association of Financial Market Institutional Investors will let non-financial enterprises outside China tap DBS's expertise to raise funds from the world's second-largest bond market, the Singapore-based bank said Wednesday. \n\n\n   Last year, DBS was the joint lead underwriter for 3.1 billion Singapore dollars (US$2.3 billion) worth of Panda bonds issued in the China Interbank Bond market, accounting for over 10% of S$26.2 billion Panda bonds issued in 2023. \n\n\n  Panda bonds are a common term for yuan-denominated debt issued in China's onshore market by non-Chinese companies, governments, and organizations. \n\n\n  \"DBS has supported several multilateral development banks, foreign governments, and European financial institutions to issue Panda bonds, some of which were inaugural issuances,\" said the bank's global head of fixed income, Clifford Lee. \n\n\n \n\n\n  Write to P.R. Venkat at venkat.pr@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 13, 2024 23:16 ET (04:16 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2411347300"}