Deutsche Bank has further diversified its investor base, successfully raising 400 million Singapore dollars (SGD) in non-preferred bonds.
This marks Deutsche Bank’s second visit to the SGD market, following its inaugural issue in September 2022 and the investor report in December 2023. Proceeds from this issue will be used for general corporate purposes.
Jonathan Blake, Head of Issuance and Securitization at Deutsche Bank, said:
“This successful transaction strengthens Deutsche Bank’s position in the Singapore dollar market and is a clear illustration of the bank’s strategy to expand its financing activities in different currencies and markets.”
The bank capitalized on the positive market environment to execute the transaction, which received strong demand from investors both across Asia Pacific and overseas.
Deutsche Bank has enjoyed a long-standing presence in the SGD bond market, including acting as Joint Dealer Manager and Joint Bookrunner on the Oxley Holdings exchange offer and New Money issue last week. The bank also informed about the Singapore government’s inaugural green bond, due in 2022.