Bond DBS Holdings Ltd 2.85% ( US24023LAE65 ) in USD

Issuer DBS Holdings Ltd
Market price 100 %  ▼ 
Country  Singapore
ISIN code  US24023LAE65 ( in USD )
Interest rate 2.85% per year ( payment 2 times a year)
Maturity 15/04/2022 - Bond has expired



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Minimal amount 200 000 USD
Total amount 750 000 000 USD
Cusip 24023LAE6
Standard & Poor's ( S&P ) rating N/A
Moody's rating Aa2 ( High grade - Investment-grade )
Detailed description DBS Group Holdings Ltd is a Singaporean multinational banking and financial services corporation offering a wide range of services including consumer banking, wealth management, and corporate banking across Asia and globally.

An analysis of recent fixed-income instrument performance underscores the successful maturity and subsequent redemption of a specific bond issued by DBS Group Holdings Ltd. DBS Group Holdings Ltd, a prominent financial services group headquartered in Singapore, is recognized as one of Asia's leading banking institutions, boasting a robust presence across Southeast Asia. The issuer is renowned for its comprehensive array of banking and financial services, catering to a diverse clientele spanning consumer, small and medium-sized enterprises (SMEs), and corporate sectors, thereby solidifying its position as a major player in the regional financial landscape. The bond under review, identified by ISIN US24023LAE65 and CUSIP 24023LAE6, was originally issued from Singapore, denominated in United States Dollars (USD). This particular instrument featured a coupon rate of 2.85% and constituted a total issue size of USD 750,000,000, with a minimum purchase requirement set at USD 200,000. Structured to provide semi-annual interest payments, the bond reached its maturity on April 15, 2022, at which point it was fully repaid at its par value of 100% of the principal amount. Reflecting the strong financial health and credit standing of the issuer, this bond carried a solid credit rating of Aa2 from Moody's Investors Service, indicative of high credit quality and very low credit risk.